4-Jun-2010 11:09 AM

Indonesian Government urges Garuda to reschedule debt in two weeks

Indonesian Ministry for State Owned Enterprises stated it hopes Garuda Indonesia can reschedule its European debts within the next two weeks to allow it to launch its IPO in 3Q2010 or 4Q2010 (Bisnis.com, 02-Jun-2010). The carrier owes the European Credit Agency approximately USD320 million.