Garuda said that the restructuring, that includes haircut and debt conversion into equity, cuts its debt by around 50 percent. But not all debtors agreed to Garuda’s debt-restructuring proposal.

Garuda back in black following increase in airfares. As of the end of September, the airline’s total revenues rose by 8.9 percent year-on-year (yoy) to $3.54 billion thanks to a series of ...

The black boxes from the Garuda plane crash are now in Australia and investigators hope they'll have information revealing the plane's last moments by early next week. Skip to main content.