Court ratifies Garuda Indonesia's $9b debt restructuring package

Court ratifies Garuda Indonesia's $9b debt restructuring package

Workers clean the body of a Garuda Indonesia Airbus A320 aircraft inside Hangar 4 of PT Garuda Maintenance Facility (GMF) Aero Asia at Soekarno-Hatta airport in Jakarta.

A court overseeing airline Garuda Indonesia’s debt restructuring negotiations on Monday ratified a deal with creditors to repackage more than $9 billion of the carrier’s debt, a court administrator told Reuters.

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