Indonesian government is throwing state-owned Garuda Indonesia and Merpati Nusantara Airlines a lifeline as both carriers battle soaring fuel prices and newer, more efficient LCCs. According to Bisnis Indonesia, Garuda is to get IDR1 trillion ($110.1 million) and Merpati IDR450 million to assist with restructuring efforts. The Garuda bailout is not linked to its efforts to reschedule $500 million still owed to the European Export Credit Agency. Garuda's total debts top $800 million and its ...

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