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,…
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…