May 27, 2022 1:13 am ET
October 26, 2021 4:00 am ET -
Government Prepares to Takeover Garuda Indonesia Routes if it Declares…
Indonesian national carrier Garuda Indonesia may be forced into bankruptcy as it faces growing debts after months of financial difficulties due to the impact of Covid-19. The Indonesian government in response has prepared Pelita Air Service, a subsidiary of Indonesia's…
October 21, 2021 11:16 pm ET -
Pelita Air Service – The Airline Poised To Replace Garuda…
The government is reportedly preparing Pelita Air Service to replace the state-owned airline Garuda Indonesia. Garuda Indonesia is facing the threat of failing to restructure after incurring debt whose value is said to have exceeded Rp 70 trillion. PT Pelita…
May 25, 2021 5:30 am ET -
Garuda Indonesia Suggests Imminent Restructuring
The Covid-19 pandemic has continuously caused severe damage to almost every industry worldwide, and the aviation sector was not spared as airlines from around the world continue to struggle. Massive declines in operating flights and passenger demand have resulted in…
April 21, 2021 5:45 am ET -
Garuda Indonesia Drops Appeal, Will Pay $15 Million Fine
The Australian Federal court has approved a payment plan for Garuda Indonesia after ordering the airline to pay a 19 million Australian dollar ($14.7 million) penalty in relation to a prior price-fixing case after the Indonesian flag carrier dropped its…
November 3, 2020 7:00 am ET -
Garuda Indonesia To Merge With Eight Companies
With no end in sight for the pandemic, the Indonesian Government is planning to merge Garuda Indonesia, the national flag carrier, with another eight tourism companies, according to Nikkei. After months of the pandemic, the government proposed the scheme among…