Indonesia's Garuda (GIAA) Given Debt Restructuring Extension

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - JAKARTA. A Jakarta court has for the third time extended flag carrier Garuda Indonesia's  (GIAA) debt restructuring deadline by another month. A court-appointed curator for the case said on Friday.

Garuda started the court-led restructuring process on Dec. 9, after a vendor petitioned the court over unpaid bills. It has repeatedly requested more time to negotiate restructuring terms and verify US$ 13,8 billion of claims against it.