{"id":1657680,"date":"2022-09-26T06:06:26","date_gmt":"2022-09-26T10:06:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1657680"},"modified":"2022-09-26T06:06:56","modified_gmt":"2022-09-26T10:06:56","slug":"garuda-indonesia-files-for-chapter-15-u-s-bankruptcy-procedure-ceo","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/garuda-indonesia-files-for-chapter-15-u-s-bankruptcy-procedure-ceo\/","title":{"rendered":"Garuda Indonesia files for Chapter 15 U.S. bankruptcy procedure \u2013 CEO"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgaruda-indonesia-files-for-chapter-15-u-s-bankruptcy-procedure-ceo%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1657680&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>JAKARTA (Reuters) \u2013     Flag carrier Garuda Indonesia has requested that a court in New York recognise the airline\u2019s recent debt restructuring deal in a Jakarta court, under Chapter 15 of the U.S. Bankruptcy Code, its chief executive said on Monday. <\/p>\n<p>Garuda filed the Chapter 15 case late last week at a New York bankruptcy court, CEO Irfan Setiaputra told Reuters. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Chapter 15 provides for cooperation between U.S. and foreign courts, if there is a U.S. financial interest in proceedings. <\/p>\n<p>Garuda and its creditors agreed to halve its debt to about $5 billion in a deal overseen by a bankruptcy court in Jakarta in June.<\/p>\n<p>However, the carrier\u2019s restructuring agreement is currently being challenged in the country\u2019s Supreme Court by an Ireland-based aircraft lessor, Greylag Goose Leasing and no decision has been made so far. <\/p>\n<p>The lessor has previously objected to the calculation of their claims at around 2.3 trillion rupiah ($152.07 million) in the restructuring agreement. <\/p>\n<p>In a parliamentary hearing on Monday, finance ministry  senior official Rionald Silaban said one of Garuda\u2019s lessors Boeing had yet to participate in the restructuring plan, but said the U.S. planemaker \u201cwill eventually participate\u201d. <\/p>\n<p>Claims from Boeing to Garuda are estimated at $822 million.<\/p>\n<p>Boeing did not immediately respond to request for comment. <\/p>\n<p>($1 = 15,125.0000 rupiah)<\/p>\n<p> (Reporting by Stefanno Sulaiman; Writing by Gayatri Suroyo; Editing by Kanupriya Kapoor, Martin Petty)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/garuda-indonesia-files-for\/attachment\/a-worker-walks-on-crane-at-gmf-aeroasia-near-jakarta\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8P05M-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8P05M-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JAKARTA (Reuters) \u2013 Flag carrier Garuda Indonesia has requested that a court in New York recognise the airline\u2019s recent debt restructuring deal in a Jakarta court, under Chapter 15 of<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1657680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1657680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1657680"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1657680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1657680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1657680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1657680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}