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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.

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