JAKARTA -- Garuda Indonesia CEO Irfan Setiaputra was optimistic after winning overwhelming approval from creditors for a plan to restructure billions of dollars in debt. And while the state-owned airline may have averted bankruptcy, it still faces huge challenges.
Setiaputra set the bar high after Garuda got far more than the two-thirds support it needed, saying the result shows the "high trust" investors have in the company and vowing a fast return to profitability.
