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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...