Indonesia court extends Garuda debt restructuring by another two months


JAKARTA: A Jakarta court has again extended flag carrier Garuda Indonesia's debt restructuring process by two months, a case official said on Monday, because the company has yet to finish verifying over $10 billion in claims.

This is the second extension granted to the state-controlled airline, which on Jan. 21 was allowed two extra months to complete the claims verification as part of the debt restructuring process.

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Garuda , debt restructuring , liabilities

   

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