EVERY time it goes to the government, Garuda Indonesia Airways management always brings bad news. Last December, for example, they approached the government with a maturing debt of US$56 million and working capital needs of US$50 million. They asked the government to assist them to reschedule the maturing debt.

Its total debts amount to US$800 millionor around Rp8 trillion. Garuda owes US$500 million to European Credit Agencies in London and appro