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.
Transportation
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)
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