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Garuda Indonesia says to return two Boeing jets to lessor

Flag carrier Garuda Indonesia will return two Boeing B737-800 jets to one of its lessors before their lease term ends as part of its efforts to improve its finances, the airline said in a statement on Monday.

FILE PHOTO: The logo of Garuda Indonesia is pictured on an Airbus A330 aircraft parked at the aircr
FILE PHOTO: The logo of Garuda Indonesia is pictured on an Airbus A330 aircraft parked at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau

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JAKARTA: Flag carrier Garuda Indonesia will return two Boeing B737-800 jets to one of its lessors before their lease term ends as part of its efforts to improve its finances, the airline said in a statement on Monday.

Garuda will seek a suspension of debt payments to creditors and lessors under a 'standstill agreement' in order to avoid bankruptcy, as the coronavirus pandemic continues to hit its income, a senior government official said last week.

(Reporting by Bernadette Christina Munthe; Writing by Fransiska Nangoy; Editing by Ed Davies)

Source: Reuters