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View all search resultsGaruda
Editorial 4 years ago
Saving Garuda from a crash
Negotiating collectively with the creditors under a commercial-court supervised PKPU would be more efficient and more promising. The key is that the restructuring plan is based on a credible and feasible business proposal strongly backed by the government.
Companies 4 years ago
Jakarta court rejects debt restructuring request against Garuda
MYIA, a business partner of Garuda, brought Garuda to court in July after Garuda failed to fulfil its obligation to the cargo company.Garuda Indonesia, hurt by the pandemic's impact on air travel, reported a loss of around $2 billion in 2020 with its short-term liabilities of $3.4 billion.
