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Garuda Indonesia, Sriwijaya Air Extends the Cooperation Agreement

JAKARTA (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), state-owned flight carrier, and PT Sriwijaya Air agreed to extend the interim agreement for the...

AirAsia Bought 200 Engines from CFM International for US$23B

JAKARTA (TheInsiderStories) - The world’s low-cost carrier, AirAsia Berhard bought 200 LEAP-1A aircraft engines from CFM International with a value of US$23.1 billion. The signing of...

Garuda Indonesia Admits Financial Report Cheat

JAKARTA (TheInsiderStories) — State-owned flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) admitted adding unsolved payment over its financial report critics. The management said...

Garuda Indonesia’s Shareholders Found Misleading in 2018 Profit Claims

JAKARTA (TheInsiderStories) – The two major shareholders of PT Garuda Indonesia Tbk (IDX: GIAA) Commissioners Chairal Tanjung and Dony Oskaria expressed objections to the...

Garuda Indonesia to Acquires 51% Sriwijaya Air Shares

JAKARTA (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), a state-owned flight carrier, will acquire at least 51 percent shares of private airlines provider PT...

Garuda Indonesia Take Overs Sriwijaya Air, NAM Air Operation

JAKARTA (TheInsiderStories) - Garuda Indonesia Group, through its subsidiaries PT Citilink Indonesia, took over the operational management of PT Sriwijaya Air and PT NAM...

Pelindo III’s CEO Ari appointed to Lead Garuda Indonesia

Cengkareng (TheInsiderStories) - Government has picked I Gusti Ngurah Askhara Danadiputra  as a new chief executive of PT Garuda Indonesia Tbk (IDX: GIAA), replacing Pahala...

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...

Garuda Aims to Return to Profit in 2018

JAKARTA (TheInsiderStories) - Flag-carrier PT Garuda Indonesia Tbk (IDX:GIAA) has vowed to return to profitability this year, on anticipated aviation industry improvement, after recording losses...

Garuda Indonesia to Issue Global Bond US$750M in H2

JAKARTA (TheInsiderStories) - Publicly listed flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) considered to issue U.S dollar denominated bonds US$750 million in second half...