All Garuda Indonesia articles
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NewsGaruda queried about outstanding obligations by stock exchange
Garuda Indonesia has been queried by the Indonesia Stock Exchange (IDX) on its outstanding obligations to creditors.
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News
Garuda domestic market share slips in 2020
Embattled Garuda Indonesia saw its domestic market share erode in 2020, as full-year traffic tumbled significantly amid the coronavirus pandemic.
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News
Auditors cast ‘significant doubt’ over Garuda’s survival
Auditors have raised “significant doubt” over Garuda Indonesia’s ability to continue as a going concern, after the beleaguered flag carrier plunged to a record full-year loss.
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News
Garuda pilots applied dual pitch input before ATR’s bounced excursion
Pilots of a Garuda Indonesia ATR 72-600 applied dual pitch inputs just before the turboprop touched down on its nose-gear at Ende, bounced to the left, and touched down again on the runway shoulder before the crew diverted to Labuan Bajo. The aircraft’s approach to Ende’s runway 27 had ...
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News
Garuda Indonesia negotiates with lessors for return of up to 50 jets
Garuda Indonesia has shed more light on its operating circumstances, including on the skeletal fleet it is operating amid the coronavirus pandemic, as well as measures taken to cut costs.
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Garuda Indonesia targets cargo revenue increase amid restructuring rumours
Beleaguered Garuda Indonesia is planning to significantly boost its cargo revenue in the near-term, as part of efforts to stem its losses amid the coronavirus outbreak.
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Garuda Indonesia reportedly eyeing fleet cuts as part of ‘complete’ restructuring
Beleaguered Indonesian flag carrier Garuda Indonesia could halve its fleet to “no more than 70 aircraft”, reportedly as part of restructuring efforts to turn the airline around.
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News
Lessor NAC stands firm as minister hints at Garuda CRJ1000 axe
Leasing firm Nordic Aviation Capital is acknowledging negotiations with Garuda Indonesia with regards to Bombardier CRJ1000s it supplied to the flag-carrier, as a result of pandemic-related financial pressures on the airline. But it is insisting that it will hold Garuda to its obligations, after an Indonesian minister stated that ...
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News
Garuda gets shareholders’ nod for Rp8.5 trillion government funding
Garuda Indonesia’s shareholders have overwhelmingly approved the sale of convertible bonds — worth up to Rp8.5 trillion ($602 million) — giving the struggling carrier a much-needed financial lifeline to tide through the coronavirus crisis.
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News
UK fraud investigators probe Bombardier over Garuda Indonesia deals
UK fraud investigators are probing aircraft manufacturer Bombardier over contracts relating to Asian carrier Garuda Indonesia. The Serious Fraud Office states that it is investigating the manufacturer over “suspected bribery and corruption” in connection with orders or agreements with Garuda. It has not elaborated on the probe, pointing ...
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News
Jakarta mulls debt restructuring for Garuda
Indonesia is looking to restructuring Garuda Indonesia ’s debts as the maturity of one of its bonds, with a face value of $500 million, draws close. “Garuda at this point of time is under extraordinary pressure as [some of its] debt are maturing. And we will be sure to ...
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News
Court describes ‘endemic’ bribery aimed at securing Airbus orders
Judicial authorities overseeing a deferred prosecution arrangement with Airbus have described as “endemic” the bribery linked to its commercial aircraft and defence divisions, as details emerged of activities scrutinised by fraud investigators. Airbus has agreed to pay a €3.6 billion fine to settle multiple investigations from French, UK and ...
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News
Garuda Indonesia names new leadership team
Garuda Indonesia has named a new leadership team at an extraordinary general meeting today, following the dismissal of former chief, Ari Askhara. Irfan Setiaputra will take up the chief executive mantle and Dony Oskaria was named his deputy. Source: Cirium Setiaputra’s LinkedIn profile ...
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Garuda hopeful about return to profitability
Higher yields during 2019 could bring take Garuda Indonesia back into the black.
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Garuda delays fundraising for debt repayment
Garuda Indonesia has delayed plans to raise up to $900 million in funds meant for refinancing its debt.
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Airbus picks up undisclosed order for four A330-800s
Airbus has secured an order for four A330-800s, disclosing a rare agreement for the twinjet variant in its latest backlog revision
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Garuda Indonesia receives first A330neo
Garuda Indonesia has taken delivery of the first of 14 Airbus A330-900 aircraft it has on order.
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Analysis
Smaller Indonesian carriers grow as majors shrink
Major carriers Garuda Indonesia and Lion Air have been cutting capacity in the Indonesian market since late 2018, but smaller operators have ramped up to fill the gap.
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News
Sriwijaya Air ends Citilink management deal
Sriwijaya Air has ended a management deal it has with Garuda Indonesia's low-cost arm Citilink, leaving the carrier to chart its own independent path.
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Garuda swings to operating profit during third-quarter
Double-digit revenue growth at Garuda Indonesia during the third quarter 2019 helped the airline leave behind its previous loss-making status.
