Indonesian airline Garuda repays $114m in debt owed to bondholders

Indonesian airline Garuda repays $114m in debt owed to bondholders

FILE PHOTO: A worker cleans a Garuda Indonesia's aircraft parked at the Garuda Maintenance Facility (GMF) AeroAsia, at Soekarno-Hatta International airport near Jakarta, Indonesia, January 21, 2022. REUTERS/Willy Kurniawan

Indonesia’s state flag carrier Garuda Indonesia said late on Thursday that it has paid back $113.8 million of the debt it owes to bondholders as part of its restructuring process.

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