garuda
Garuda’s fleet growth at risk as Danantara trims funding
[JAKARTA] Indonesia’s sovereign wealth fund Danantara is reducing its financial support for flag carrier Garuda Indonesia, putting in doubt the distressed airline’s ability to refresh its fleet.
Indonesia’s sovereign wealth fund Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets
Garuda said in talks for US$500 million from Indonesia wealth fund
The 76-year-old airline is a major employer and a key mode of transport for the country
Garuda mulls rights issue, strategic investors as it rebuilds
Distressed flag carrier PT Garuda Indonesia plans to undertake a rights issue to raise additional capital and will invite strategic investors to take part as it attempts to revive its ailing business...
Garuda Indonesia CEO says to step down around year-end
[SINGAPORE] Emirsyah Satar said on Friday he would step down as chief executive of Garuda Indonesia within months after a decade-long stint during which he helped repair the image of the loss-making I...
Indonesia conducts first commercial flight using palm oil-blended jet fuel
INDONESIA on Friday (Oct 27) flew its first commercial flight using palm oil-blended jet fuel, as the world’s biggest producer of the commodity pushes for wider use of biofuels to cut fuel imports.
Flag carrier Garuda Indonesia completes flight test with palm oil-blended jet fuel
FLAG carrier Garuda Indonesia said on Tuesday (Oct 10) it has completed a flight test using palm oil-blended jet fuel on a Boeing 737-800NG aircraft.
SIA, Garuda to deepen commercial partnership through proposed JV
SINGAPORE Airlines (SIA) and Garuda Indonesia plan to deepen their commercial ties through a joint venture (JV) covering flight connectivity and other new initiatives, they said on Monday (May 29).
Garuda hopes to resume trading shares after issuance of US$80m sukuk
Flag carrier Garuda Indonesia plans to issue around US$80 million in Islamic bonds or sukuk this week, a move that will pave the way for its shares to be traded again on the Jakarta stock exchange, th...
Indonesia lawmakers back 7.5 trillion rupiah capital top-up for airline Garuda
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 settleme...
