JAKARTA -- Indonesia's flagship carrier Garuda Indonesia has narrowly avoided defaulting on its $500 million Islamic bonds after agreeing with its creditors to extend the maturity of the debt.
Transportation
Garuda avoids Thai Airways fate with $500m bond extension
Indonesian carrier awaits state support as condition turns 'critical'
A plane belonging to Garuda Indonesia is seen on the tarmac of Terminal 3, Soekarno–Hatta International Airport near Jakarta. © Reuters
Read Next
%2520in%2520Tangerang.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Transportation
