BusinessFlag carrier Garuda Indonesia will return two Boeing B737-800 jets to one of its lessors before their lease term ends as part of its efforts to improve its finances, the airline said in a statement on Monday.FILE PHOTO: The logo of Garuda Indonesia is pictured on an Airbus A330 aircraft parked at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau
07 Jun 2021 04:35PMShare this contentBookmarkJAKARTA: Flag carrier Garuda Indonesia will return two Boeing B737-800 jets to one of its lessors before their lease term ends as part of its efforts to improve its finances, the airline said in a statement on Monday.
Garuda will seek a suspension of debt payments to creditors and lessors under a 'standstill agreement' in order to avoid bankruptcy, as the coronavirus pandemic continues to hit its income, a senior government official said last week.Advertisement headtopics.com
(Reporting by Bernadette Christina Munthe; Writing by Fransiska Nangoy; Editing by Ed Davies) Read more: CNA »
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