Indonesian airline Garuda seeks to delay vote on debt restructuring proposal


Garuda creditors had been expected to vote on the restructuring proposal on Wednesday.

Garuda Indonesia has asked administrators to postpone a vote on the flag carrier's debt restructuring proposal for two days to June 17, its chief executive said late on Monday.

Garuda creditors had been expected to vote on the restructuring proposal on Wednesday.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read