Indonesia govt favours court-supervised debt renegotiation for Garuda airline

Indonesia govt favours court-supervised debt renegotiation for Garuda airline

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.

The Indonesian government still favours a court-supervised debt restructuring process for flag carrier Garuda Indonesia while opening the possibility of getting new investors into the company, a deputy cabinet minister said on Tuesday.

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