Garuda Indonesia has deferred its payments on a three-year loan from its creditors. The airline is seeking suspension of the debt payments in order to avoid bankruptcy.

According to Reuters, the airline is asking for a longer period to repay the loans. According to the government, the flag carrier is in debt of around $4.5 billion and needs to be restructured and downsized in order to survive.

From Reuters:

Garuda Indonesia to seek suspension of debt payments to avoid bankruptcy – CNA (channelnewsasia.com)

From Channel News Asia:

Garuda Indonesia to seek suspension of debt payments to avoid bankruptcy – CNA (channelnewsasia.com)

Top Copyright Photo: Garuda Indonesia Airways Boeing 777-3U3 ER PK-GII (msn 29145) (SkyTeam) DPS (Pascal Simon). Image: 945220.

Garuda Indonesia aircraft slide show:

 

Garuda Indonesia is modifying it London (Heathrow) – Jakarta, Indonesia service to now include a new one-way London (Heathrow) – Denpasar (Bali) flight starting on January 22, 2019.

The return westward flight from Bali will stop at Jakarta.

The new eastward route is over 15 hours. It is also the first nonstop European route to the popular tourist island.

Top Copyright Photo (all others by the airline): Garuda Indonesia Airways Boeing 777-3U3 ER PK-GII (msn 29145) (SkyTeam) DPS (Pascal Simon). Image: 945220.

Garuda Indonesia aircraft slide show:

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