Indonesian Govt Announces Plan To Save Garuda Indonesia Through Down-Sizing And Creditors Taking Haircut
Indonesia’s government is trying to save Garuda Indonesia by asking creditors – including aircraft lessors – to extinguish some debt or accept swapping debt for equity. Indonesia’s deputy minister for…
Indonesia’s Citilink To Serve Newly Upgraded Ngloram Airport
Garuda Indonesia’s budget carrier Citilink is set to fly to Ngloram Airport at November-end, marking the start of the airport’s commercial operations. Budi Karya Sumadi, the minister of transport, says…
ANALYSIS: Garuda Indonesia’s Fall From Grace
There is usually no single cause for an air crash, but rather it is a combination of different contributing factors, built up over time, that leads to disaster. Garuda Indonesia…
Garuda Indonesia Responds To Queries On Why It Pays Higher Aircraft Lease Rates
Indonesia’s flag carrier Garuda Indonesia has issued a statement to the Indonesia Stock Exchange (ISE), in response to queries on why it pays higher aircraft lease rates, citing market conditions…
Another Creditor Sues Garuda Indonesia
Information technology (IT) company Mitra Buana Koorporindo (MBK) has filed a lawsuit against Indonesia’s debt-ridden flag carrier Garuda Indonesia, one day after the latter’s case with My Indo Airlines was…
Indonesian Court Gives Garuda Indonesia Some Financial Respite
An Indonesian court today dismissed a case against Garuda Indonesia brought by creditor My Indo Airlines, providing some respite for the financially-troubled national carrier. The Central Jakarta Commercial Court today…