Airline’s creditors vie for cash in US$9.8bil debt revamp
JAKARTA: Creditors of PT Garuda Indonesia looking to recoup money in the airline’s US$9.8bil (RM41.06bil) debt restructuring must submit their bids by yesterday.
The deadline of 5pm Jakarta time (10am in London) for filing claims will be the first in a series of milestones and months of wrangling that could stretch into September.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
