Indonesia court extends Garuda debt restructuring by two months

Indonesia court extends Garuda debt restructuring by two months

Workers clean the body of a Garuda Indonesia Airbus A320 aircraft inside Hangar 4 of PT Garuda Maintenance Facility (GMF) Aero Asia at Soekarno-Hatta airport in Jakarta.

A Jakarta court has again extended flag carrier Garuda Indonesia‘s debt restructuring process by two months, a case official said on Monday, because the company has yet to finish verifying over $10 billion in claims.