Garuda Indonesia files for Chapter 15 U.S. bankruptcy procedure - CEO
(marketscreener) Flag carrier Garuda Indonesia has requested a court in New York to recognise its recent debt restructuring deal done at a Jaka... Garuda Indonesia files for Chapter 15 U.S. bankruptcy procedure - CEO. JAKARTA, Sept 26 (Reuters) - Flag carrier Garuda Indonesia has requested a court in New York to recognise its recent debt restructuring deal done at a Jakarta court, under Chapter 15 of the U.S. Bankruptcy Code, its chief executive, Irfan Setiaputra, told Reuters. (Reporting by Stefanno Sulaiman; Writing by Gayatri Suroyo Editing by Kanupriya Kapoor)
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JAKARTA, Sept 26 (Reuters) - Flag carrier Garuda Indonesia has requested a court in New York to recognise its recent debt restructuring deal done at a Jakarta court, under Chapter 15 of the U.S. Bankruptcy Code, its chief executive, Irfan Setiaputra, told Reuters.
Garuda and its creditors agreed to halve its debt to around $5 billion in a deal overseen by a bankruptcy court in Jakarta in June. (Reporting by Stefanno Sulaiman; Writing by Gayatri Suroyo Editing by Kanupriya Kapoor)
Konular: Business Leaders, Bankruptcy, Indonesia