Tag: BISNIS
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Answering the Issue of Garuda Indonesia’s Bankruptcy, Debt Restructuring as a Way Out?
Kompas Bisnis Rapid business turbulence, along with internal and external shocks, is beingexperienced by Garuda Indonesia. The Ministry of State-Owned Enterprises (SOEs)previously stated that the state-owned airline, Garuda Indonesia, is technically bankruptdue to its debt burden. Irfan Setiaputra, Garuda Indonesia’s Managing Director,responded to this, stating that Garuda Indonesia is technically bankrupt but that the factremains…