Shareholders of Indonesia's Garuda approve $600m bond plan to tide over COVID-19

Shareholders of Indonesia's Garuda approve $600m bond plan to tide over COVID-19

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.

Flag carrier PT Garuda Indonesia won shareholders’ approval on Friday for the sale of convertible bonds to a maximum amount of 8.5 trillion rupiah ($599.86 million), its chief executive said, to help ride out the coronavirus pandemic.