Aercap Ireland has terminated the bankruptcy lawsuit against Garuda Indonesia, following the singing of a global side letter agreement. AerCap agreed, among other things, to halt the legal proceedings with Garuda agreeing to relocate nine 737 800NGs to “an approved location”.
Garuda Indonesia signs new side letter agreement with Aercap
Aercap Ireland has terminated the bankruptcy lawsuit against Garuda Indonesia, following the singing of a global side letter agreement. AerCap agreed, among other things, to halt the legal proceedings with Garuda agreeing to relocate nine 737 800NGs to “an approved location”.