Garuda Indonesia is the national airline of Indonesia based at Jakarta Soekarno-Hatta International Airport. The carrier operates an extensive domestic and regional network of services throughout Asia, Australia and the Middle East. In Jun-2010, Garuda resumed services to Europe (initially Amsterdam via Dubai) after an extended EU imposed ban. Garuda Indonesia is the 20th member of the SkyTeam alliance.
In Nov-2021, Indonesia's State-Owned Enterprises Deputy Minister Kartika Wirjoatmodjo stated Garuda Indonesia was talks to restructure USD6.3 billion of debt and expected to reach an agreement in 2Q2022.
Garuda Indonesia's debt restructuring process was extended two months by a Jakarta Court, as the carrier is yet to verify over USD10 billion in claims. Court appointed curator for the case Martin Patrick Nagel stated the carrier will have until 20-May-2022 to complete its overall debt restructuring process.
On 10-May-2022, Garuda Indonesia CEO Irfan Setiaputra confirmed the carrier requested a third extension to complete its debt restructuring process from a Jakarta court.
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