Editing Garuda Indonesia (section)

=== Financial trouble ===
Due to the prolonged pandemic, Garuda Indonesia experienced problems in operations, management, and funding. Its debt became arisen and unpaid, and the corporation is currently on the verge of bankruptcy and future closure by the government.<ref>{{Cite web|last=Idris|first=Muhammad|date=2021-10-21|title=Nasib Garuda di Ujung Tanduk|trans-title=Garuda's fate at the end of the horn|url=https://money.kompas.com/read/2021/10/21/084528126/nasib-garuda-di-ujung-tanduk|access-date=2021-10-24|website=KOMPAS.com|language=id}}</ref> In the effort to save the airline, Garuda has cut around 30 percent of its workforce, reducing its staff to 5,400 from 7,861. Garuda claims that its board of directors and its commissioners have taken a pay cut as well.<ref>{{Cite web |title=Garuda Indonesia Pangkas 2.400 Karyawan Sejak Pandemi |url=https://www.cnnindonesia.com/ekonomi/20211220121346-92-736176/garuda-indonesia-pangkas-2400-karyawan-sejak-pandemi |access-date=2022-06-25 |website=CNN Indonesia |language=id-ID}}</ref>

At the end of 2021, Garuda reported a debt of $9.8 billion to more than 800 creditors, complicating efforts for out-of-court settlement attempts during the COVID-19 pandemic, where Garuda's income dropped by 70 percent.<ref>{{Cite web |last=wel |title=Utang Garuda Indonesia Tembus Rp140 Triliun per Kuartal III 2021 |url=https://www.cnnindonesia.com/ekonomi/20211220130602-92-736194/utang-garuda-indonesia-tembus-rp140-triliun-per-kuartal-iii-2021 |access-date=2022-06-25 |website=ekonomi |language=id-ID}}</ref> As the future replacement of Garuda Indonesia in case the corporation is deemed beyond saving, the government prepared [[Pelita Air|Pelita Air Service]], a cargo airline currently owned by [[Pertamina]], to be the successor of Garuda Indonesia as the new flag carrier of Indonesia.<ref>{{Cite web |last=Idris |first=Muhammad |date=2021-10-23 |title=Pemerintah Diam-diam Siapkan Maskapai Pelita, Andai Garuda Ditutup |trans-title=Government Secretly Prepares Pelita Airline, If Garuda Closes |url=https://money.kompas.com/read/2021/10/24/020600426/pemerintah-diam-diam-siapkan-maskapai-pelita-andai-garuda-ditutup |access-date=2021-10-24 |website=KOMPAS.com |language=id}}</ref><ref>{{Cite web |last=Idris |first=Muhammad |date=2021-10-24 |title=Profil Pelita Air, Maskapai Pengganti Andai Garuda Ditutup Halaman all |trans-title=Profile of Pelita Air, Substitute Airline If Garuda Closed All |url=https://money.kompas.com/read/2021/10/24/113100826/profil-pelita-air-maskapai-pengganti-andai-garuda-ditutup |access-date=2021-10-24 |website=KOMPAS.com |language=id}}</ref>

In May 2022, Garuda appeared in court for its attempts to reschedule its debts. Garuda filed for a 30-day delay in the proceedings, which is granted by the court. This was the second extension given by the court, as the original court date was in March 2022.<ref>{{Cite web |last=vap |title=Janji yang Terakhir, Garuda Ajukan Perpanjangan PKPU 30 Hari |url=https://www.cnbcindonesia.com/market/20220511153938-17-338213/janji-yang-terakhir-garuda-ajukan-perpanjangan-pkpu-30-hari |access-date=2022-06-25 |website=CNBC Indonesia |language=id-ID}}</ref>

In April 2022, the Sixth Committee of Indonesia's People Representative Council and Erick Thohir, Indonesia's Minister of State Owned Enterprises, decided to execute a scheme to save the ailing airline.<ref>{{Cite web |last=Asmara |first=Chandra Gian |title=Sah! Panja Komisi VI DPR Sepakat Selamatkan Garuda Indonesia |url=https://www.cnbcindonesia.com/market/20220422174607-17-334116/sah-panja-komisi-vi-dpr-sepakat-selamatkan-garuda-indonesia |access-date=2022-06-25 |website=CNBC Indonesia |language=id-ID}}</ref>

In June 2022, during Garuda's attempt to delay payment of its debts, Garuda announced that its debt was $8.3 billion, where its biggest debtors were Airbus SE and Pertamina.<ref>{{Cite web |date=2022-06-08 |title=Tim PKPU Garuda Indonesia (GIAA) Akui Klaim Utang Rp120,5 Triliun {{!}} Market |url=https://market.bisnis.com/read/20220608/192/1541297/tim-pkpu-garuda-indonesia-giaa-akui-klaim-utang-rp1205-triliun |access-date=2022-06-25 |website=Bisnis.com |language=id}}</ref> If the delay to pay its debts was accepted by its creditors, Garuda promised that it would be profitable in three years.<ref>{{Cite web |date=2022-06-18 |title=Lolos PKPU, Garuda (GIAA) Janji Cetak Laba 3 Tahun Mendatang, Catat! {{!}} Ekonomi |url=https://ekonomi.bisnis.com/read/20220618/98/1545104/lolos-pkpu-garuda-giaa-janji-cetak-laba-3-tahun-mendatang-catat |access-date=2022-06-25 |website=Bisnis.com |language=id}}</ref> Garuda will also seek funding of $1.3 billion through global bonds and issuance of new stocks.<ref>{{Cite web |date=2022-06-10 |title=Garuda Indonesia (GIAA) Cari Dana Rp16,4 Triliun Lewat Global Bond dan Penerbitan Saham Baru {{!}} Market |url=https://market.bisnis.com/read/20220610/192/1542185/garuda-indonesia-giaa-cari-dana-rp164-triliun-lewat-global-bond-dan-penerbitan-saham-baru |access-date=2022-06-25 |website=Bisnis.com |language=id}}</ref> On 17 June 2022, Garuda's creditors voted to accept Garuda's debt restructuring, saving the company from bankruptcy.<ref>{{Cite web |date=2022-06-17 |title=Tok! Garuda (GIAA) Lolos PKPU, 97 Persen Kreditur Siap Berdamai {{!}} Market |url=https://market.bisnis.com/read/20220617/192/1544991/tok-garuda-giaa-lolos-pkpu-97-persen-kreditur-siap-berdamai |access-date=2022-06-25 |website=Bisnis.com |language=id}}</ref> Boeing did not join the debt restructuring process because Garuda stated that its amount of debt to Boeing was not verified yet, and Garuda stated that if Boeing did not confirm its debt to Boeing in 30 days after the debt restructuring, Garuda's debt to Boeing could be removed.<ref>{{Cite web |date=2022-06-17 |title=Jika Lolos PKPU, Garuda (GIAA) Bakal Tunggu Tagihan Boeing 30 Hari Lagi {{!}} Market |url=https://market.bisnis.com/read/20220617/192/1544912/jika-lolos-pkpu-garuda-giaa-bakal-tunggu-tagihan-boeing-30-hari-lagi |access-date=2022-06-25 |website=Bisnis.com |language=id}}</ref> On 20 June 2022, Garuda's debt restructuring was put on hold because two of the lessors did not agree with the debt restructuring, and a new court date was set on 27 June.<ref>{{Cite web |date=2022-06-20 |title=Putusan Homologasi Garuda Indonesia GIAA Ditunda karena 2 Lessor Keberatan {{!}} Market |url=https://market.bisnis.com/read/20220620/192/1545939/putusan-homologasi-garuda-indonesia-giaa-ditunda-karena-2-lessor-keberatan |access-date=2022-06-25 |website=Bisnis.com |language=id}}</ref>

In September 2022, Garuda Indonesia filed for US Chapter 15 bankruptcy protection.<ref>{{Cite news |date=2022-09-26 |title=Garuda Indonesia files for Chapter 15 U.S. bankruptcy procedure |language=en |work=Reuters |url=https://www.reuters.com/business/aerospace-defense/garuda-indonesia-files-chapter-15-us-bankruptcy-procedure-ceo-2022-09-26/ |access-date=2022-10-04}}</ref>