All Garuda Indonesia articles
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NewsGaruda 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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News
Garuda hopeful about return to profitability
Higher yields during 2019 could bring take Garuda Indonesia back into the black.
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News
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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News
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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News
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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News
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.
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News
Garuda's nine-month result shows return to profitability
Garuda Indonesia posted an operating of $253 million for the first nine months of 2019, a significant turnaround from a $70.8 million operating loss in the year-ago period.
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News
Garuda to lease two 737-800BCFs from GECAS
Garuda Indonesia will lease two Boeing 737-800 converted freighters from GECAS from mid-2020.
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News
Indonesia grounds three 737NGs with structural cracks
Indonesia’s civil aviation authorities have grounded three older Boeing 737NGs, after inspections revealed structural cracks.
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News
Citilink management deal in limbo as Sriwijaya sacks executives
Sriwijaya Air's board of commissioners has sacked three senior executives seconded from Citilink in a sign that the management agreement between the airlines may be in trouble.
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News
GMF AeroAsia names Kurniawan as new chief
Garuda Indonesia’s MRO arm has appointed Tazar Marta Kurniawan as its chief executive and president.
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News
Indonesia's Citilink returns to profit in first half
Garuda Indonesia's budget unit Citilink has posted an operating profit of $42.9 million for the first six months of 2019, turning around its $19.7 million loss for the same period last year.
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News
Garuda discloses LOI for A330-800s
Garuda Indonesia signed a letter of intent to acquire four Airbus A330-800s in June in a deal that went unannounced.
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News
Lion Air and Garuda ink MRO joint venture agreement
Lion Air’s technical arm Batam Aero Technic (BAT) and Garuda Indonesia’s MRO unit GMF AeroAsia have inked a cooperation agreement that will see them jointly build and operate hangars on the Indonesian island of Batam.
