Garuda Indonesia

The 76-year-old airline is a major employer and a key mode of transport for the country

The airline also appoints Balagopal Kunduvara, a former executive of Singapore Airlines, as new CIO

[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.

It is paying around US$400,000 per month for the 737 Max 8 it has leased from BOC Aviation

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

Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets

The talks are preliminary and could change, and details regarding the size of the funds transfer are still being worked out

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-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 ...