Jakarta - PT Garuda Indonesia Tbk has submitted a restructuring proposal scheme to lessors and creditors as part of the company's optimal efforts to restore the company's performance.

"We invite all lessors and creditors to review this comprehensive restructuring scheme as a basis for considering the restructuring process that will be carried out," said Garuda President Director Irfan Setiaputra in a press release on Wednesday (17/11).

He added that this step marked the acceleration of the restructuring and recovery process for Garuda. This proposal outlines Garuda's long-term business plan as well as several offers for managing our business obligations with lessors, creditors, and key suppliers."

"Submission of this restructuring proposal scheme is the first step of the entire restructuring process and is an important momentum in our efforts to transform into a more adaptive, efficient, and profitable business entity,&qu