Carrier Garuda Indonesia secures nod from shareholders for $930m rights issue

Carrier Garuda Indonesia secures nod from shareholders for $930m rights issue

FILE PHOTO: A worker cleans a Garuda Indonesia's aircraft parked at the Garuda Maintenance Facility (GMF) AeroAsia, at Soekarno-Hatta International airport near Jakarta, Indonesia, January 21, 2022. REUTERS/Willy Kurniawan

Flag carrier Garuda Indonesia secured on Friday approval from its shareholders to launch a right issue in December to raise up to 14.3 trillion rupiah ($929.48 million), the company said.