Garuda Indonesia Gets Massive Lease Restructure

Credit: Rob Finlayson

SINGAPORE—Garuda Indonesia has managed to slash its aircraft leasing rates, some as much as 69%, under its debt restructuring plan to keep the carrier’s overheads low. Kartika Wirjoatmodjo, deputy minister of Indonesia Ministry of State Owned Enterprises (BUMN) told local media platform Bisnis that...

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