Garuda Indonesia plans to issue $800 million in new debt and raise $330 in fresh equity. This is part of the restructuring plan that has been presented to a court in Jakarta on June 9. Creditors of the troubled airline will vote on the plan on June 15. Garuda plans to...
Troubled Garuda Indonesia is set to drastically reduce its international network in 2022. From the current seventeen destinations, only five will remain, Australian website Executive Traveller reported on December 22. Garuda set to slash international network. The...
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