Indonesia Mulls Fate Of Garuda After Bond Default

Garuda Indonesia 737-800
Credit: Rob Finlayson
The State-Owned Enterprise Ministry of Indonesia (BUMN) is reportedly deliberating whether to save or shut down its national airline, Garuda Indonesia, after the carrier defaulted on a $500 million Islamic bond. The BUMN has proposed four options. The first three options are to keep the airline...

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