The past few years have been difficult for PT Garuda Indonesia (GIAA). It has to face internal strife, lawsuits, and a financial crisis due to the COVID-19 outbreak. By the end of January 2021, a United Kingdom (UK) High Court decided to grant Garuda’s application for a stay of proceedings related to one of the lawsuits. Recently, the London Court of International Arbitration granted the arbitration petition filed by two of Garuda’s lessors. A bankruptcy lawsuit previously filed against Garuda was also withdrawn.
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