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.