Indonesia Airline Garuda (GIAA) Proposes Another Debt Restructuring Extension
KONTAN.CO.ID - JAKARTA. State-controlled airline Garuda Indonesia (GIAA) has asked a Jakarta court to extend for the third time its deadline to complete its debt-restructuring process, its CEO said, as the verification of claims remains unfinished.
Garuda proposed a 30 day extension to verify claims and finalise negotiations with creditors. CEO Irfan Setiaputra said during a creditors meeting at the Central Jakarta Commercial Court on Tuesday.
