The Business Times

garuda

ASEAN Business

Indonesia’s sovereign wealth fund Danantara loans US$405 million to flag carrier Garuda

Garuda, which is majority-owned by the state, returned to a net loss last year after two years of profit thanks to the post-Covid travel boom.
ASEAN Business

Garuda said in talks for US$500 million from Indonesia wealth fund

The airline expects to launch the equity issue after the Indonesian government makes good upon its plan to inject the carrier with fresh funds.
Transport & Logistics

Garuda mulls rights issue, strategic investors as it rebuilds

Garuda Indonesia CEO says to step down around year-end
Transport & Logistics

Garuda Indonesia CEO says to step down around year-end

Operated by flag carrier Garuda Indonesia, the Boeing 737-800NG aircraft carried more than 100 passengers from the capital Jakarta to Surakarta city.
ASEAN Business

Indonesia conducts first commercial flight using palm oil-blended jet fuel

Indonesia has been pushing for wider use of edible oils and a reduction in crude oil imports.
ASEAN Business

Flag carrier Garuda Indonesia completes flight test with palm oil-blended jet fuel

The proposed joint venture builds on a memorandum of understanding inked in 2021 between the airlines.
Companies & Markets

SIA, Garuda to deepen commercial partnership through proposed JV

Stock exchange officials have said previously that Garuda’s suspension would be lifted after it issues new sukuk following a debt restructuring agreement with bond holders.
Transport & Logistics

Garuda hopes to resume trading shares after issuance of US$80m sukuk

INDONESIAN lawmakers on Friday (Apr 22) approved the government's plan to top up Garuda Indonesia's capital by 7.5 trillion rupiah (S$710.8 million) this year, once the carrier reaches a debt settlement with creditors, a government official said.
Transport & Logistics

Indonesia lawmakers back 7.5 trillion rupiah capital top-up for airline Garuda

Emirsyah Satar, president of Garuda Indonesia (second from left) at the CEO Forum at the Air Transport Association (IATA) 67th annual general meeting and World Air Transport Summit in 2017.
International

Indonesia names jailed ex-Garuda chief a suspect in new graft case

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