Garuda Indonesia halves debt with restructuring, on track for …
WEBJun 28, 2022 · Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian government said on...
Garuda Indonesia wins creditors' approval for $9 billion …
WEBJun 16, 2022 · Garuda Indonesia's proposal for restructuring its more than $9 billion debt won the approval on Friday from the vast majority of the airline's creditors, court officials said, staving off the...
What Will Garuda Indonesia Look Like After Its Restructuring?
WEBJun 9, 2022 · Garuda's restructuring plan is finally moving forward. In court on Thursday, Garuda's administrators will explain how they plan to restructure the airline and reduce its crippling debt. They need the court's approval to take their plan forward to a creditors' meeting later this month.
Garuda Ruling to Decide Fate of $9.8 Billion Debt Recast
WEBDec 9, 2021 · Garuda amassed $9.8 billion in debt and judges in the Central Jakarta Commercial Court accepted a petition to suspend debt payments to its creditors.
Court ratifies Garuda Indonesia's $9 billion debt restructuring deal ...
WEBJAKARTA, June 27 (Reuters) - A court overseeing airline Garuda Indonesia's debt restructuring negotiations on Monday ratified a deal with creditors to repackage more than $9 billion of the...
Garuda ups capacity, fleet as restructuring gets underway | News ...
WEBJul 21, 2022 · Garuda Indonesia has announced a phased capacity ramp-up to key cities in its domestic and international network, as it looks to reactivate some Boeing 737-800s as part of recovery efforts.
Latest News and Event - Garuda Indonesia
WEBJun 20, 2023 · GARUDA INDONESIA OPERATES EVACUATION FLIGHT FOR 385 CITIZENS IN SUDAN. Jakarta, 28 April 2023 – National flight carrier Garuda Indonesia operates evacuation flights for Indonesian citizens (WNI) who are in Sudan due to the conflict situation that has occurred since some time ago.
Garuda Indonesia Strikes Debt Restructuring Deal - The Diplomat
WEBJun 28, 2022 · In mid-June Indonesia’s national airline, Garuda Indonesia, won the approval of 95 percent of its creditors to restructure over $9 billion in liabilities. As reported by Reuters, the deal...
Garuda Indonesia’s Creditors Submit Claims of $13.8 Billion
WEBJan 10, 2022 · Creditors of struggling airline PT Garuda Indonesia have submitted about 198 trillion rupiah ($13.8 billion) in claims as part of a debt restructuring, according to court-appointed administrators.
Garuda Indonesia's Creditors To Lose Billions Following …
WEBJun 28, 2022 · An Indonesian judge has approved Garuda Indonesia's restructuring plan, giving the beleaguered airline the green light to rid itself of billions of dollars worth of debt and reorganize its fleet and operations. In a filing lodged with the Indonesian Stock Exchange on Monday, Garuda Indonesia confirmed that …
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