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UK’ Anti-Corruption Investigates Bombardier, Garuda Contracts

JAKARTA (TheInsiderStories) - United Kingdom (UK) Serious Fraud Office confirmed its investigating plane producer, Bombardier Inc., over suspected bribery and corruption in relation to contracts or...

Global Airlines Lay Off Employees to Survive

JAKARTA (TheInsiderStories) - The impact of COVID-19 outbreak has hit global airlines businesses. Recently, state-run flag-carrier PT Garuda Indonesia Tbk (IDX: GIAA) and United States' firm Boeing Co.,...

AirAsia X Liquidates Indonesian Operation, Write Down Thai Businesses

JAKARTA (TheInsiderStories) - Malaysian flight carrier, AirAsia X (AAX), has liquidated its Indonesia branch, AirAsia Extra, after operated since 2019, the company announced this week. The branch,...

Fitch: Airports May Not Fully Recover Until Late 2024

JAKARTA (TheInsiderStories) - Global airport traffic levels may not fully recover to pre-pandemic levels until fourth quarter (4Q) of 2024, says Fitch Ratings in a new...

Angkasa Pura II: Cargo Business Rises in 3Q of 2020

JAKARTA (TheInsiderStories) - Airport operator, PT Angkasa Pura II (AP II) reported its cargo businesses reached 151.97 million kilograms in third quarter (3Q) of 2020 and...

Garuda Indonesia Continues to Develop Cargo Business

JAKARTA (TheInsiderStories) - The state-owned flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) continues to develop its cargo businesses by obtained loan facility from the...

Indonesian Govt Plans Give Stimulus for the Airliners

JAKARTA  (TheInsiderStories) - The Indonesian government plans to provide a stimulus for air transportation during the pandemic, said the official last week. The country...

Again, Garuda Indonesia Fails to Pay the Obligations

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) has temporarily suspended trading of Mandiri Asset Backed Securities (ABS) or state-owned airlines company, PT Garuda Indonesia...

The Government to Absorbs Garuda Indonesia’s MCB US$594M

JAKARTA (TheInsiderStories) - The government is proposing to absorb the mandatory convertible bond (MCB) of state-owned airlines firm, PT Garuda Indonesia Tbk (IDX: GIAA)...

EY Doubts the Continuation of Malaysia’s AirAsia Businesses

JAKARTA (TheInsiderStories) - The ability of AirAsia Berhad to continue its business is increasingly in doubt, amid the debt and the impact of COVID-19 that hit...

Garuda Explores Various Options to Overcome the Debts

JAKARTA (TheInsiderStories) - Flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) explores various options to overcome the company debts amid the COVID-19 outbreak. In response to the...

Indonesia’s AP II Cuts Revenue Target Due to Impact of COVID-19

JAKARTA (theInsiderStories) - Major airport operator in Indonesia, PT Angkasa Pura (AP) II cut its revenues target from Rp12.8 trillion to Rp8.96 trillion (US$578.06...

Morning Briefing: Indonesia Closes to Foreigners for One Month

JAKARTA (TheInsiderStories) - Good Morning! Indonesia closed its doors to foreign arrivals for one month, especially the visitors from Iran, China, South Korea, Italy, Vatican, Spanish, France, German,...

Indonesia Eases Import Tax for Airlines, Other Transportation Sectors

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo has signed Government Regulation Number 50 Year 2019 concerning Import and Delivery of Certain Transport Equipment and the...

INACA Protests Indonesian Govt’s Ticket Policies

JAKARTA (TheInsiderStories) - Indonesia National Air Carriers Association (INACA) have protested to Ombudsman regarding the Transportation Minister decree Number 106 Year 2019 concerning upper...

Morning Briefing: Indonesia Push the Gov’t Programs, Creates More Friendly Policies

JAKARTA (TheInsiderStories) – Good morning! President Joko Widodod keep pushing the government program to bring more foreign exchange revenues to Indonesia. Yesterday, he announced a planned...

Indonesia Gives Incentives for Airlines to Lowering Ticket Price

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo immediately set a fiscal incentives for airlines to lowering the domestic airfare tariff. The fiscal incentives were...

Indonesia Lowering Airfare Price Amid Criticism

JAKARTA (TheInsiderStories) - Indonesian government officially reduce the upper limit of airfare tariff between 12 percent to 16 percent. Its expected the tariff will...

Two Indonesia’s Airlines Cancels Boeing Purchase Plans

JAKARTA (TheInsiderStories) - Two flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) and PT Lion Mentari Airlines had canceled Boeing 737 Max 8 booking. The...

Insight: Need New Policies to Improves Indonesian Transportation System

JAKARTA (TheInsiderStories) – Welcome the beginning of 2019, Indonesian airlines sector is shocked by the issue of rising domestic flight fare and baggage fees...

INACA Lowers Airline Ticket Prices in the Middle of Criticism

JAKARTA (TheInsiderStories) – Amid the criticism of airfare tariff, the National Air Carrier Association (INACA) reduced ticket prices 20 to 60 percent from current prices....

Garuda Indonesia Pay Off Bond US$140M

JAKARTA (TheInsiderStories) - Public listed airline operator PT Garuda Indonesia Tbk (IDX: GIAA) announced to redeem its rupiah denominated bond worth Rp2 trillion (US$139.86...