Indonesian airline Garuda seeks to delay vote on debt restructuring proposal

📆 6/14/2022 5:48 AM
📰 ChannelNewsAsia

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JAKARTA : Garuda Indonesia has asked administrators to postpone a vote on the flag carrier's debt restructuring proposal for two days to June 17, its chief executive said late on Monday. Garuda creditors had been expected to vote on the restructuring proposal on Wednesday.CEO Irfan Setiaputra said

JAKARTA : Garuda Indonesia has asked administrators to postpone a vote on the flag carrier's debt restructuring proposal for two days to June 17, its chief executive said late on Monday.CEO Irfan Setiaputra said in a statement that a delay was needed to finalise administrative matters and to harmonise the input of stakeholders on the restructuring proposal.

The court-appointed administrators will discuss the proposed voting delay with the supervising judge, one of the administrators said.

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