JAKARTA, Oct 11 (Bloomberg): Indonesia is seeking Middle Eastern investors for its flag carrier Garuda Indonesia’s rights offer, part of the South-East Asian airline’s US$9.3 billion debt revamp.
The government wants carriers from the United Arab Emirates, Turkey and Saudi Arabia, particularly those with code-sharing arrangements, to subscribe to Garuda’s share sale, Transport Minister Budi Karya Sumadi said in an interview in Jakarta.
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