Indonesia Lawmakers Back US$ 522 Million Capital Top-up for Airline Garuda

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - JAKARTA. Indonesian lawmakers on Friday approved the government's plan to top up Garuda Indonesia's (GIAA) capital by 7,5 trillion rupiah (US$ 522,43 million) this year, once the carrier reaches a debt settlement with creditors. A government official said.

The approval was decided by a group of lawmakers tasked to deliberate on the government's strategy to save the debt-laden airline. Said Arya Sinulingga, an aide to the state-owned enterprises minister.