JAKARTA: Indonesia is preparing a backup plan for flag carrier PT Garuda Indonesia if it fails to reach a deal with creditors, including the option of upgrading air charter PT Pelita Air Service to a scheduled airline.
The course of Garuda’s current talks with creditors hinges on a court decision on a debt petition against the airline, with the ruling set to be announced tomorrow, Kartika Wirjoatmodjo, a deputy minister at the State-Owned Enterprises Ministry, said by text message yesterday.
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