Garuda Indonesia seeks to raise $936m from rights issue after debt restructuring

Garuda Indonesia seeks to raise $936m from rights issue after debt restructuring

FILE PHOTO: A plane belonging to Garuda Indonesia is seen on the tarmac of Terminal 3, SoekarnoÐHatta International Airport near Jakarta, Indonesia April 28, 2017. REUTERS/Darren Whiteside/File Photo/File Photo

Indonesia‘s state airline Garuda Indonesia is seeking $936 million from a rights issue that will be held after it completes its court-led debt restructuring, according to its chief executive Irfan Setiaputra.