United Kingdom
United States
Asia Pacific
Garuda Indonesia seeks delay in debt restructuring vote
Saturday, 14 Jun, 2022
0
Struggling flag carrier Garuda Indonesia has sought a delay in the vote on its debt restructuring proposal.
The vote was due to take place today but asked for it to be postponed until the end of the week.
Airline CEO Irfan Setiaputra said it needs more time to finalise various administrative matters.
It also needs to ‘harmonise the input of stakeholders’ on the restructuring proposal.
Garuda entered the court-supervised restructuring last December.
The restructuring process has already been extended twice.
The airline says it has logged verified claims of US$9.8 billion.
Garuda hopes the restructuring can reduce its debt to about $3.7 billion.
Learn more about : Wonderful Indonesia ( N. America ) Wonderful Indonesia ( Asia Pecific ) Wonderful Indonesia ( United Kingdom )
Ray Monty
Exploring Brooklands Museum with Alex Patterson
Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh
Peebles Barbeque: A Legacy of Flavor and Tradition
Exploring Bok Tower Gardens with Erica Smith
Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes
Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
Quake warning in Santorini after hundreds of tremors
BA flight attendant detained in Singapore
Trump Admin vows to end cruise tax loophole
Cockpit tarantula causes flight delays
EasyJet forced into flight emergency landing after pilot collapses