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PT Pelita Air Service, a small airline previously offering charter flights for Pertamina, is enterin...
The option of bankruptcy would kill any chance of the creditors recouping their loans because any re...
Garuda Indonesia has won by a landslide a vote on its proposal to restructure Rp 142 trillion ($9 bi...
As the court- supervised debt-restructuring period draws to its end, the national flag carrier has e...
The State-Owned Enterprises Ministry plans to raise money for state-owned firms through multiple rig...
Garuda Indonesia has once again requested more time for its supervised debt restructuring, as the na...
The Central Jakarta District Court has accepted a petition filed by an IT company against flag carri...
The intent of PKPU is actually to benefit both the borrower and the creditor. It aims for a win-win ...
If we want to pursue corruption cases related to Garuda, a bankruptcy procedure would give clear evi...
Under the proposal, creditors would be pressed to take either a haircut or a debt-for-equity swap.