Tag: aviation
Rusdi Kirana Builds New Airlines in Indonesia
JAKARTA (TheInsiderStories) - Founder of the Lion Air Group, Rusdi Kirana, reported will set up a new airlines to rise from the JT-610 accident in...
Malaysia’s AirAsia Launches Ikhlas to Survive from the Pandemic
JAKARTA (TheInsiderStories) - The AirAsia Group diversifying its business in the digital sector by launching the Ikhlas platform, a digital akikah service, as a...
AirAsia Indonesia Postpones Free Float Shares Program
JAKARTA (TheInsiderStories) - Airlines owned by Asian businessman Tony Fernandes, PT AirAsia Indonesia Tbk (IDX: CMPP), postponed the rights issue plans to comply the...
The Number of AirAsia Indonesia’s Passenger Fell 99.8% in 2Q
JAKARTA (TheInsiderStories) - As a result of the fleet hibernation, PT AirAsia Indonesia Tbk' (IDX: CMPP) total passengers fell by 99.8 percent to 4,059 sitter in...
COVID-19 Make Garuda Indonesia Losses US$696M
JAKARTA (TheInsiderStories) - The pandemic has hit the financial conditions of state-owned flag carrier PT Garuda Indonesia Tbk (IDX: GIAA) in the first semester (1H) of 2020....
Most of Garuda’s Bondholders Agrees to Extend the Global Sukuk Tenure
JAKARTA (TheInsiderStories) - Most of PT Garuda Indonesia (IDX: GIAA) has agreed to extend the maturity of US$500 million Global SUKUK to 2023, said the CEO...
Garuda Indonesia Proposes Global SUKUK Maturity Extension
JAKARTA (TheInsiderStories) - The national airlines, PT Garuda Indonesia Tbk (IDX: GIAA) has submitted a request to extend the payment of its Global SUKUK worth of...
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...
Global Pandemic Strikes Indonesia’s Aviation Industry
JAKARTA (TheInsiderStories) - The global pandemic is an extraordinary challenge for the global aviation industry. Airport Council International (ACI) director, Angela Gittens said on April 3, that...
Indonesia to Raises Airfare Ticket Amid COVID-19
JAKARTA (TheInsiderStories) - The Ministry of Transportation (MoT) plans to raises flight ticket price after the enactment of large-scale social distancing in some regions,...
IATA: Indonesia’s Passenger Demand Could Drops 33%
JAKARTA (TheInsiderStories) - The International Air Transport Association (IATA) forecast Indonesia' aviation passenger demand sector could drops 33 percent or around 45.35 million in this year against...
Indonesia AirAsia Halts the International Operations Until May
JAKARTA (TheInsiderStories) - Indonesia AirAsia temporarily suspended all domestic operations starting April 1 to 21, 2020, and international routes until May 17, 2020 to support the...
Indonesia’s Tourism Sectors Losses US$1.5B Due to COVID-19
JAKARTA (TheInsiderStories) - Indonesia' tourism sector has suffered losses of at least US$1.5 billion since January amid growing fears of the pandemic, said the association....
Coronavirus Give More Impacts to Indonesia’s Economy
JAKARTA (TheInsiderStories) - The coronavirus outbreak impact expanding to multi sector. Today, Saudi' hajj and umrah ministry announced temporary to ban the influx of foreign...
Indonesia Gives Stimulus to the Tourism, Aviation Sector
JAKARTA (TheInsiderStories) - Indonesian government has established an incentive scheme for the tourism and aviation sector to overcome the impact of the coronavirus, said...
Coronavirus Economic Shockwave Hits the APAC Aviation Industry
JAKARTA (TheInsiderStories) - The Asia Pacific commercial aviation industry is being hit by a massive economic shockwave from the escalating novel coronavirus crisis sweeping across the...
Garuda Indonesia Aborts the Global Sukuk Issuances
JAKARTA (TheInsiderStories) - Local flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) has aborted its global bond issuances worth of US$900 million in this quarter until...
Garuda Looking at US$ 4.9 billion Revenue this Year
JAKARTA (TheInsiderStories) – State-owned flag carrier PT Garuda Indonesia Tbk. Persero (IDX: GIAA) has set a moderate growth target this year after being hit by severe financial...
