Creditors Approve Garuda $9.7B Debt Restructure

Garuda Indonesia 737-800
Credit: Rob Finlayson
After three postponements, creditors have finally given the go ahead for Garuda Indonesia’s IDR142 trillion ($9.7 billion) debt restructure, saving the flag-carrier from bankruptcy. Ninety-five% of the 501 claimants approved the proposal, more than the minimum two-thirds majority required. Garuda...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

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