Garuda Indonesia Gets Massive Lease Restructure

aircraft
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...
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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