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 rejected the petition against Garuda, arguing it is difficult to…
Govt Says Garuda Indonesia Being Liquidated Is A Possibility
Debt-ridden flag carrier Garuda Indonesia could go bankrupt if restructuring agreements with creditors fail, leaving another state-owned carrier Pelita Air Service to fill the void. Deputy minister of state-owned enterprises, Kartika Wirjoatmodjo, tells local Indonesian media the weight and complexity…
ANALYSIS: Garuda Indonesia’s Year Of Living Dangerously
A move by Pelita Air Service – which is owned by Indonesia’s state-owned oil and gas company Pertamina – into scheduled passenger operations, could lead to a significant shake-up of Indonesia’s commercial aviation industry. The Indonesian passenger market is largely…
Indonesia’s Pelita Air Plans To Expand Into Scheduled Flights Using Airbus A320s
Government-owned charter operator Pelita Air Service aims to move into scheduled passenger operations, a move that comes as other airlines have reduced their network. The airline would like to move into scheduled passenger operations, confirms a source at the airline…
Best on the Web: Regional Express , Thai Airways , Nok Air , Trans Maldivian , Garuda Indonesia , Citilink , Cebu Pacific and Air Seychelles
Stories include Rex successfully launching Melbourne-Sydney services today, Thai Airways selling its stake in Nok Air, Trans Maldivian adding ATRs, Indonesia’s Citilink adding ATRs, Cebu Pacific adding aircraft, Biman Bangladesh gets new CEO and Air Seychelles offers staff voluntary redundancy. …
Dispute Between Nordic Aviation Capital And Garuda Indonesia Escalates
Aircraft lessor Nordic Aviation Capital (NAC) has responded to Garuda Indonesia’s announcement, that it has grounded and is returning its 12 Bombardier CRJ1000s to NAC before the leases have expired, by arguing it has received no termination notice and the national…
