Indonesia gov’t loan details for Garuda expected earliest end-May, state won’t intervene in sukuk repayment - official
JAKARTA – Indonesia’s Ministry of State-Owned Enterprises is finalizing a loan package worth 8.5 trillion rupiah ($574 million) to help state carrier Garuda ease its tight liquidity as the airline continues to take a hit from travel bans and restrictions due to COVID-19. The details of the loan will be finalized by the end of May at the earliest, Arya Sinulingga, special staff to the SOE Minister told Salaam Gateway.
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