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Garuda Indonesia to seek debt payment suspension: government

Deputy minister for SOEs says bankruptcy a risk if creditor deal not reached

Financially troubled Garuda Indonesia needs to strike a deal with creditors to avert bankruptcy.  (Photo by Rie Ishii) 

JAKARTA -- Garuda Indonesia will seek suspension of debt payments in an attempt to avoid going bankrupt, an official at the country's Ministry of State Owned Enterprises said on Thursday.

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