Indonesian court turns down debt restructuring request against Garuda

Indonesian court turns down debt restructuring request against Garuda

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.

An Indonesian court on Thursday rejected cargo company PT My Indo Airlines’ (MYIA) request to restructure the debt of PT Garuda Indonesia as it failed to meet legal requirements, its lawyer said.