Garuda Eyes Rights Issue After Indonesia Approves Recapitalization

Garuda
Credit: Rob Finlayson
SINGAPORE—Indonesia’s House of Representatives has voted in a favor a government proposal to inject around IDR7.5 trillion ($520 million) into Garuda Indonesia this year once the flag-carrier’s restructuring has been completed. That process has been extended twice to verify $13.8 billion in claims...
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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