Garuda Indonesia says in talks with banks, won’t default on debt

Garuda Indonesia says in talks with banks, won’t default on debt

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.

PT Garuda Indonesia is in talks with several banks about refinancing and won’t default on its $500 million notes due June 3 despite challenges presented by the coronavirus, the airline’s Chief Executive Officer Irfan Setiaputra said.

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