Garuda Indonesia
Danantara’s US$1.4 billion Garuda play emerges as key reform test
The 76-year-old airline is a major employer and a key mode of transport for the country
Garuda Indonesia appoints new CEO Glenny Kairupan
The airline also appoints Balagopal Kunduvara, a former executive of Singapore Airlines, as new CIO
Distressed Garuda to tap Indonesian state fund for US$1.4 billion
[JAKARTA] Garuda Indonesia expects to raise as much as US$1.44 billion in cash from the nation’s sovereign wealth fund to put the distressed state-owned carrier on firmer financial footing.
Garuda new 737 plane’s higher rent may strain finances further
It is paying around US$400,000 per month for the 737 Max 8 it has leased from BOC Aviation
Trump’s trade deal pushes Garuda to learn to love 737 Max again
The dilemma for Boeing is how to restore or expand the existing 49-jet Max order without leaving the airline in a financial and strategic bind
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
Indonesia’s wealth fund in talks to aid flagship airline Garuda
The talks are preliminary and could change, and details regarding the size of the funds transfer are still being worked out
Garuda set to replace head of low cost unit in push for recovery
INDONESIAN flag carrier Garuda Indonesia is planning to replace the head of its low cost unit, Citilink Indonesia, in an effort to boost profitability and recover from the fallout of the pandemic and ...
State carrier Garuda Indonesia appoints new CEO
STATE-run Garuda Indonesia said on Friday (Nov 15) it had appointed Wamildan Tsani Panjaitan, a former acting head of budget Lion Air who pledged to improve the flag-carrier’s performance, as its new ...
Indonesia weighs switching Garuda CEO as part of turnaround plan
INDONESIA is considering switching the chief executive officer at the Garuda Indonesia airline, part of the new government’s push to advance the carrier’s profitability and support its expansion, acco...
