Garuda considers majority stake in Sriwijaya Air

Garuda Indonesia is studying its options about a 51% stake in Sriwijaya Air through low-cost unit Citilink. In response to a stock exchange query, Garuda says options under consideration include a debt-to-equity swap, which would see Sriwijaya Air’s debts owed to the Garuda Indonesia Group converted into shares. “The study is being made so that […]
Source: http://www.ncairways.co/aviation/garuda-considers-majority-stake-in-sriwijaya-air/