© Reuters. FILE PHOTO: A technician rides a car as he passes Garuda Indonesia’s Boeing 737 Max 8 airplane parked at the Garuda Maintenance Facility AeroAsia, at Soekarno-Hatta International airport near Jakarta, Indonesia, March 13, 2019.REUTERS/Willy KurniawanJAKARTA (Reuters) – Flag carrier Garuda Indonesia will return two Boeing (NYSE:) B737-800 jets to one of its lessors before their lease term ends as part of its efforts to improve its finances, the airline said in a statement on Monday.
Garuda will seek a suspension of debt payments to creditors and lessors under a ‘standstill agreement’ in order to avoid bankruptcy, as the coronavirus pandemic continues to hit its income, a senior government official said last week.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.