Reports in the media state that an Indonesian court has rejected an application by cargo company PT My Indo Airlines’ (MYIA) to restructure the debt of PT Garuda Indonesia since it claimed the airline failed to meet legal requirements. Garuda Indonesia has reacted to the news in a statement to the Indonesian stock exchange, (translated) “Until now, there has been no official information received by the Company regarding the follow-up options for the recovery of the Company’s performance which is currently developing in the mass media. We can confirm that up to now, the Company continues to take strategic steps

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