Garuda Indonesia posts restructuring plan for lessors and creditors

PT Garuda Indonesia (Garuda) has submitted a restructuring proposal scheme to lessors and creditors as part of its ongoing optimization efforts to boost performance recovery. Garuda Indonesia President Director Irfan Setiaputra said that this move marked the acceleration of the restructuring and recovery process for Garuda. “This proposal outlines Garuda’s long-term business plans as well as a number of offers in managing our business obligations with lessors, creditors and key suppliers.” “Submission of this restructuring proposal scheme is the first step of the entire restructuring process and is an important momentum in our efforts to transform into a more adaptive,