Garuda Indonesia wins creditors' approval for $9 billion …
Jun 16, 2022 · Garuda Indonesia's proposal for restructuring its more than $9 billion debt won the approval on Friday from the vast majority of the airline's creditors, court officials said, staving off the...
Court ratifies Garuda Indonesia's $9 billion debt restructuring deal ...
JAKARTA, June 27 (Reuters) - A court overseeing airline Garuda Indonesia's debt restructuring negotiations on Monday ratified a deal with creditors to repackage more than $9 billion of the...
Garuda Indonesia halves debt with restructuring, on track for …
Jun 28, 2022 · Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian government said on...
Garuda Indonesia Strikes Debt Restructuring Deal - The Diplomat
Jun 28, 2022 · In mid-June Indonesia’s national airline, Garuda Indonesia, won the approval of 95 percent of its creditors to restructure over $9 billion in liabilities. As reported by Reuters, the deal...
Indonesia Weighs Switching Garuda CEO as Part of Turnaround Plan
Nov 4, 2024 · Listen. 2:08. Indonesia is considering switching the chief executive officer at the Garuda Indonesia airline, part of the new government’s push to advance the carrier’s profitability and ...
Garuda Ruling to Decide Fate of $9.8 Billion Debt Recast
Dec 9, 2021 · Garuda amassed $9.8 billion in debt and judges in the Central Jakarta Commercial Court accepted a petition to suspend debt payments to its creditors. The move potentially paves the way to cut...
Post-restructuring Garuda sets out bullish plans for the new year
Jan 4, 2023 · Garuda Indonesia plans to “maximise business performance momentum” following its exit from restructuring, tapping into opportunities in the cargo and religious pilgrimage markets.
Garuda Indonesia’s Creditors Submit Claims of $13.8 Billion
Jan 10, 2022 · Creditors of struggling airline PT Garuda Indonesia have submitted about 198 trillion rupiah ($13.8 billion) in claims as part of a debt restructuring, according to court-appointed administrators.
Garuda Indonesia's Creditors To Lose Billions Following …
Jun 28, 2022 · An Indonesian judge has approved Garuda Indonesia's restructuring plan, giving the beleaguered airline the green light to rid itself of billions of dollars worth of debt and reorganize its fleet and operations. In a filing lodged with the Indonesian Stock Exchange on Monday, Garuda Indonesia confirmed that a Jakarta Commercial Court judge had ...
Garuda’s half-year loss widens as expenses creep up
Oct 1, 2024 · Garuda posted a net loss of $101.6 million, compared to the $76 million loss in the year-ago period. As at the end of June, mainline operator Garuda had 59 aircraft in its fleet, five more...