Distressed Indonesian Airline to Tap State Fund for $1.4 Billion

Distressed Indonesian Airline to Tap State Fund for .4 Billion



Distressed Indonesian Airline to Tap State Fund for $1.4 Billion
PT Garuda Indonesia expects to raise as much as $1.44 billion in cash from the nation’s sovereign wealth fund to put the distressed state-owned carrier on firmer financial footing.


www.bloomberg.com
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