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Airline Garuda Indonesia defaults on US$500 million sukuk Toggle share menu Advertisement Airline Garuda Indonesia defaults on US$500 million sukuk Flag carrier Garuda Indonesia said it could not distribute coupon payments for its US$500 million sukuk after a 14-day grace period, with the airline s finances still significantly impacted by the coronavirus pandemic. FILE PHOTO: The logo of Garuda Indonesia is pictured on an Airbus A330 aircraft parked at the aircraft builder s headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau 18 Jun 2021 11:50AM Share this content Bookmark JAKARTA: Flag carrier Garuda Indonesia said it could not distribute coupon payments for its US$500 million sukuk after a 14-day grace period, with the airline s finances still significantly impacted by the coronavirus pandemic.

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