Posted inIndonesia

Do or die debt plan for Indonesia’s Garuda Airlines

JAKARTA – The fate of pandemic-hit Garuda Airlines appears to be hanging by the proverbial thread as Indonesia’s iconic national carrier seeks to fashion a complex restructuring plan aimed at stopping it from hemorrhaging more than US$100 million per month. Garuda’s president-director, Irfan Setiaputra, the latest high-profile figure to be infected by the coronavirus, told […]