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Indonesia court extends Garuda's debt restructuring process

National airline struggles to avert bankruptcy as creditors demand payment

The COVID-19 pandemic has hit Garuda Indonesia particularly hard, with the airline struggling to stay solvent.   © AP

JAKARTA -- A court in Indonesia on Friday extended embattled national airline Garuda Indonesia's suspension of debt payment obligations for 60 more days, as the company works to restructure its finances and stave off possible bankruptcy.

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