Indonesia court extends Garuda debt restructuring amid mounting claims

Indonesia court extends Garuda debt restructuring amid mounting claims

FILE PHOTO: A plane belonging to Garuda Indonesia is seen on the tarmac of Terminal 3, SoekarnoÐHatta International Airport near Jakarta, Indonesia April 28, 2017. REUTERS/Darren Whiteside/File Photo/File Photo

An Indonesian court on Friday extended the period for Garuda Indonesia’s debt restructuring by 60 days to allow the airline more time to complete the verification of billions of dollars of claims, the carrier said in a statement.

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