18-May-2006 10:36 AM
Indonesia seeks to cut Garuda's debt to 274 mln usd in restructuring deal
Analysis
JAKARTA (XFNews -ASIA) - The government will seek approval from creditors of PT Garuda Indonesia to cut the national flag carrier's debt to 274 mln usd from around 794 mln in a debt restructuring plan that will be discussed starting May 19, Transport Minister Hatta Rajasa said.
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