The June 2021 default by Indonesian airline, PT Garuda Indonesia, on its US$500 million sukuk could provide clarity on sukuk restructuring, resolution and enforceability in the country, Fitch Ratings says. Legal precedent for effective enforcement in many jurisdictions where sukuk issuance is preval...
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Thai Airways reveals deal for 45 787-9 Dreamliners
By
Lucy Lo
20th February 2024