Groundhog Day for Garuda's creditors - Reuters

11:47pm PDT - June 3rd, 2021    flag day - Reuters

One year ago, creditors of Garuda Indonesia (GIAA.JK) gave the national carrier approval for a three-year extension on a $500 million sukuk, or Islamic bond. Now the airline has deferred those payments and is asking for a wider standstill . A government offic…