In June 2022, during Garuda's attempt to delay payment of its debts, Garuda announced that its debt was $8.3 billion, where its biggest debtors were Airbus SE and Pertamina. If the delay to pay its debts was accepted by its creditors, Garuda promised that it would be profitable in three years. Garuda will also seek funding of $1.3 billion through global bonds and issuance of new stocks. On 17 June 2022, Garuda's creditors voted to accept Garuda's debt restructuring, saving the company from bankruptcy. Boeing did not join the debt restructuring process because Garuda stated that its amount of debt to Boeing was not verified yet, and Garuda stated that if Boeing did not confirm its debt to Boeing in 30 days after the debt restructuring, Garuda's debt to Boeing could be removed. On 20 June 2022, Garuda's debt restructuring was put on hold because two of the lessors did not agree with the debt restructuring, and a new court date was set on 27 June.
in june 2022 during garuda's attempt to delay payment of its debts garuda announced that its debt was $83 billion where its biggest debtors were airbus se and pertamina if the delay to pay its debts was accepted by its creditors garuda promised that it would be profitable in three years garuda will also seek funding of $13 billion through global bonds and issuance of new stocks on 17 june 2022 garuda's creditors voted to accept garuda's debt restructuring saving the company from bankruptcy boeing did not join the debt restructuring process because garuda stated that its amount of debt to boeing was not verified yet and garuda stated that if boeing did not confirm its debt to boeing in 30 days after the debt restructuring garuda's debt to boeing could be removed on 20 june 2022 garuda's debt restructuring was put on hold because two of the lessors did not agree with the debt restructuring and a new court date was set on 27 june