{"id":131624,"date":"2022-09-26T19:00:00","date_gmt":"2022-09-26T19:00:00","guid":{"rendered":"https:\/?p=131624"},"modified":"2022-09-27T11:57:27","modified_gmt":"2022-09-27T11:57:27","slug":"garuda-indonesia-files-for-chapter-15-bankruptcy","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/09\/garuda-indonesia-files-for-chapter-15-bankruptcy.html","title":{"rendered":"Garuda Indonesia files for Chapter 15 bankruptcy in the US."},"content":{"rendered":"\n<p><strong>Garuda Indonesia<\/strong> filed for Chapter 15 bankruptcy protection in the U.S. District Court for the Southern District of New York as the debt-laden airline attempts to secure future profitability.<\/p>\n\n\n\n<p>The filing comes at a time when the airline, having completed a court-supervised debt restructuring in Indonesia, is trying to take advantage of a rebound in international travel.<\/p>\n\n\n\n<p>Non-U.S. companies often file for Chapter 15 bankruptcy to ensure that they will not be sued by creditors in the U.S. or have their assets seized.<\/p>\n\n\n\n<p><strong><em>\u2192 <a href=\"https:\/en\/2022\/09\/ethiopian-airlines-wins-bid-for-new-nigeria-airline.html\">Ethiopian Airlines wins bid for new Nigeria airline.<\/a><\/em><\/strong><\/p>\n\n\n\n<p>Garuda&#8217;s total debt currently stands at about $5.1 billion, CEO Irfan Setiaputra told parliament in Jakarta on Monday.<\/p>\n\n\n\n<p>Reviving the national airline is one of the Indonesian government&#8217;s top priorities, as the country relies on air transport for connectivity and to support its tourism industry.<\/p>\n\n\n\n<p>The airline could earn net income of about $400 million next year and gradually increase its profit to $647 million by 2026, according to a projection by Indonesia&#8217;s Finance Ministry this month.<\/p>\n\n\n\n<p>Photo: Masakatsu Ukon\/<a href=\"https:\/\/commons.wikimedia.org\/wiki\/File:Garuda_Indnesia,_Boeing_777-300ER_PK-GIF_NRT_(26812766621).jpg\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Wikimedia<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"related-topics\">Related Topics<\/h2>\n\n\n\n\t\t\t<div class=\"wp-block-uagb-post-grid uagb-post-grid  uagb-post__image-position-top uagb-post__image-enabled uagb-block-7eb43f0c     uagb-post__items uagb-post__columns-2 is-grid uagb-post__columns-tablet-2 uagb-post__columns-mobile-1 uagb-post__equal-height\" data-total=\"202\" style=\"\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"uagb-post__inner-wrap\">\t\t\t\t\t\t\t\t<div class='uagb-post__image'>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/tocumen-2030-hub-of-the-americas-projects-30-million-passengers-and-a-strategic-220-million-expansion.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\" class='uagb-image-ratio-inherit'><img decoding=\"async\" width=\"800\" height=\"400\" src=\"https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/01\/Aeropuerto-tocumen-Terminal-2.jpg\" 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More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t","protected":false},"excerpt":{"rendered":"Garuda Indonesia filed for Chapter 15 bankruptcy protection in the U.S. District Court for the Southern District of&hellip;\n","protected":false},"author":4316,"featured_media":131592,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[230,465,707,221],"class_list":{"0":"post-131624","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-airline","9":"tag-asia-2","10":"tag-garuda-indonesia","11":"tag-usa"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2022\/09\/Garuda-Indonesia-Boeing-777-300.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Garuda Indonesia filed for Chapter 15 bankruptcy protection in the U.S. District Court for the Southern District of&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/131624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=131624"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/131624\/revisions"}],"predecessor-version":[{"id":131625,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/131624\/revisions\/131625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/131592"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=131624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=131624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=131624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}