Indonesia lawmakers backs $522 mln capital top-up for airline Garuda - official

Force Motors

22/04/2022 12:17

JAKARTA, April 22 (Reuters) - Indonesian lawmakers on Friday
approved the government's plan to top up Garuda Indonesia's
 GIAA.JK  capital by 7.5 trillion rupiah ($522.43 million) this
year, once the carrier reaches a debt settlement with creditors,
a government official said.
    The approval was decided by a group of lawmakers tasked to
deliberate on the government's strategy to save the debt-laden
airline, said an aide to Arya Sinulingga, the state-owned
enterprises minister. A wider vote is typically needed to
finalise the decision. 
    ($1 = 14,356.0000 rupiah)

 (Reporting by Stefanno Sulaiman; Writing by Gayatri Suroyo;
Editing by Martin Petty)
 ((gayatri.suroyo@thomsonreuters.com; +622129927609; Reuters
Messaging: gayatri.suroyo.thomsonreuters.com@reuters.net))