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Happy Landing for Two Carriers

Tuesday, January 5, 2010

Bank Mandiri completed the debt restructuring of two government-owned airlines in 2009. Garuda is to convert the remainder of its debt with shares.

. tempo : 172853739164.

THE day that the members of the board of directors of PT Bank Mandiri Tbk have been waiting for has eventually arrived. On Wednesday last week, this largest state-owned bank signed an agreement to convert the debts of PT Garuda Indonesia into shares. The signing was carried out by the Director of Special Asset Management at Bank Mandiri, Abdul Rachman, and the Director of Operational Services at Garuda Indonesia, Ari Sapari, at the Bank Mandiri h

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