Garuda Indonesia wins creditors' approval for $9 billion …
Jun 16, 2022 · Garuda Indonesia's proposal for restructuring its more than $9 billion debt won the approval on Friday from the vast majority of the airline's creditors, court officials said, staving off the...
What Will Garuda Indonesia Look Like After Its Restructuring?
Jun 9, 2022 · Administrators of Garuda Indonesia have had a busy week as a critical court-appointed deadline looms. After a slow start in recognizing creditors' claims, the airline's administrators have now verified claims worth US$8.3 billion, including more than $537 million owed to Airbus, as the restructuring pace starts to pick up.
Latest News and Event - Garuda Indonesia
Jun 20, 2023 · Garuda Indonesia announced the temporary closure of the Jakarta – Malang (GA290) and Malang – Jakarta (GA291) routes as an anticipatory measure related to indications of Mount Semeru eruption activity that could potentially jeopardize flight safety. This decision was made by prioritizing the safety and comfort of all passengers.
Indonesia Weighs Garuda CEO Switch Under Turnaround Plan
Nov 5, 2024 · Indonesia is considering switching the chief executive officer at the Garuda Indonesia airline, part of the new government’s push to advance the carrier’s profitability and support its expansion,...
Garuda Indonesia files for Chapter 15 U.S. bankruptcy procedure
Sep 26, 2022 · Flag carrier Garuda Indonesia has requested that a court in New York recognise the airline's recent debt restructuring deal in a Jakarta court, under Chapter 15 of the U.S. Bankruptcy Code, its...
Post-restructuring Garuda sets out bullish plans for the new year
Jan 3, 2023 · Garuda Indonesia plans to “maximise business performance momentum” following its exit from restructuring, tapping into opportunities in the cargo and religious pilgrimage markets.
What's The Latest In The Garuda Indonesia Saga? - Simple Flying
Jan 12, 2022 · One influential Indonesian has stepped up to support beleaguered Garuda Indonesia while another alleges corruption, in the same week creditors lodged claims worth US$13.8 billion against the airline. The events add another chapter in the long-running and colorful Garuda Indonesia saga.
Court ratifies Garuda Indonesia's $9 billion debt restructuring deal ...
JAKARTA, June 27 (Reuters) - 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...
Garuda Names New CEO as Carrier Looks to Fix Finances, Grow
Nov 15, 2024 · Garuda Indonesia appointed Wamildan Tsani Panjaitan, a top manager at PT Lion Mentari Airlines, as its next chief executive officer as the Southeast Asian nation’s flagship carrier looks to...
Garuda Indonesia latest news & coverage - CNA
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