Garuda Indonesia Gains Approval To Delay Bond Repayments

aircraft
Credit: Rob Finlayson
Garuda Indonesia has completed a restructuring of bond obligations in a crucial step to improve its financial position. The carrier gained approval to delay payment of $500 million worth of sukuk certificates by three years, giving it more breathing room to recover from the COVID-19 crisis. Sukuk...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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