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 challenges is the airline facing in terms of its fleet?

What could be the consequence of failing to execute a restructuring program?