Garuda Indonesia May Halve Fleet in Major Restructuring

The CEO addressed staff on May 19th, expressing a somber outlook. Gruters is adjusting its fleet size due to limited international travel, with only 41 of 142 aircraft operational because of unpaid leases. Garuda faces $4.9 billion in debt, increasing by $70 million monthly, and risks closure without restructuring.

What was the tone of the CEO's address to the staff on May 19th?

• Indifferent

• Pessimistic

• Neutral

• Optimistic

How many aircraft are currently operational out of Garuda's total fleet?

• 100

• 75

• 41

• 142

What is the main reason for the grounding of many of Garuda's planes?

• Technical issues

• Unpaid payments to lessors

• Weather conditions

• Lack of pilots

What is the current debt of Garuda Indonesia?

• $6 billion

• $4.9 billion

• $3.5 billion

• $2.8 billion

What could happen if Garuda fails to execute a restructuring program?

• Hiring of new staff

• Abrupt closure of the company

• Increase in fleet size

• Expansion into new markets