ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Garuda Indonesia hands in restructuring plan to creditors

Flagship airline calls submission 'first step' in becoming profitable

State-owned Garuda Indonesia is struggling to reduce its debt load. (Photo by Rie Ishii) 

JAKARTA -- Garuda Indonesia has submitted a restructuring proposal to its creditors and lessors, as the beleaguered airline tries to stay afloat in the face of mounting debts.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more