Asia/Pacific

Garuda Indonesia creditor claims reach $13.8bn

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Garuda Indonesia creditor claims reach $13.8bn

PT Garuda Indonesia has received 470 creditor claims totalling 198 trillion rupiah ($13.8 billion) as part of its court-supervised debt restructuring process the airline entered into in December. Garuda plans to reduce its liabilities by more than 60% to $3.7bn. The airline is attempting to extend t...

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