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Indonesian leading carrier seeks debt refinancing to avoid bankruptcy, XINHUA.
Publication: Finance Wire Publication Date: 30-NOV-04 |
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COPYRIGHT 2004 FDCH e-media
Original Source: Emerging Markets Datafile
URL: http://www.xinhua.org
JAKARTA, Nov. 30 (Xinhua) -- Due to the lack of funds for expansion amid a huge debt burden, national flag carrier Garuda Indonesia has acknowledged that it could eventually collapse unless the government allows the airline to refinance its debts.
Garuda president director Indra Setiawan said...
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