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Thohir Separates Garuda Indonesia’s Unit Under Tourism Holding

JAKARTA (TheInsiderStories) - State own enterprises (SOEs) minister, Erick Thohir, separated subsidiaries of flight carriers, PT Garuda Indonesia Tbk (IDX: GIAA), as consequence of...

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...

Holding Tourism: Garuda Indonesia to Merges with Seven SOEs

JAKARTA (TheInsiderStories) - The Indonesian government plans to merge PT Garuda Indonesia Tbk (IDX: GIAA) with other tourism state-owned enterprises (SOEs) to set up a holding...

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.,...

Garuda Indonesia Issues MCB US$578M, Diluted Tanjung’s Shares to 9%

JAKARTA (TheInsiderStories) - The airlines firm owned by the government, PT Garuda Indonesia Tbk (IDX: GIAA) announced to issue Mandatory Convertible Bonds (MCB) amounting to Rp8.5...

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...

Indonesia’s GMF AeroAsia Enters Industrial Gas Turbine Engine Maintenance

JAKARTA (TheInsiderStories) - Publicly listed' PT Garuda Maintenance Facility AeroAsia Tbk (IDX: GMFI) or GMF AeroAsia enters the industrial gas turbine engine maintenance business...

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....

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...

Garuda Indonesia Kembali Gagal Bayar Kewajiban

JAKARTA (TheInsiderStories) - Bursa Efek Indonesia (BEI) menghentikan sementara perdagangan Efek Beragun Aset (EBA) Mandiri atau GIAA01 milik maskapai milik negara, 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)...

Pemerintah Diusulkan Menyerap MCB Garuda Rp8.5 Triliun

JAKARTA (TheInsiderStories) - Pemerintah Indonesia diusulkan menyerap Obligasi Wajib Konversi (OWK) saham PT Garuda Indonesia Tbk (IDX: GIAA) senilai Rp8,5 triliun. Hal itu diungkapkan Direktur Utama...

Garuda Batalkan Pengiriman Airbus Akibat Pandemi

JAKARTA (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA) berencana membatalkan pengiriman empat pesawat milik produsen asal Perancis Airbus SE (AIR.PA), dikatakan Direktur Utamanya...

Garuda Indonesia Aborts Airbus Deliveries Amid the Slow Traficts

JAKARTA (TheInsiderStories) - The national flag carrier, PT Garuda Indonesia Tbk (IDX: GIAA) is in talks with Airbus SE (AIR.PA) to delay the deliveries of four...

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...

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...

Number of SOEs Lessen than 42 in 10 Years, says Thohir

JAKARTA (TheInsiderStories) - State Own Enterprises (SOEs) minister, Erick Thohir, wants to lessen number of state companies not more than 42 in 10 years,...

Thohir Picks Irfan Setiaputra to Lead Garuda Indonesia

JAKARTA (TheInsiderStories) - State Own minister, Erick Thohir, picked Irfan Setiaputra become a CEO of PT Garuda Indonesia Tbk (IDX: GIAA) to replace Ari Askhara....

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...

Airbus Delivers First A330 Series for Garuda Indonesia

JAKARTA (TheInsiderStories) - European multinational aerospace corporation, Airbus, has sent one of 14 units of A330-900 aircraft ordered by PT Garuda Indonesia (Persero) Tbk (IDX:...

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...

Garuda Indonesia to Convert US$57M Sriwijaya Air’s Debt to Shares

JAKARTA (TheInsiderStories) - Flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) considered to convert other airlines company, Sriwijaya Air' debt into shares, it said...

Morning Briefing: Indonesia’s BoP Releases Today, Widodo Met Mahathir

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will release Balance of Payment (BoP) data in the second of quarter of 2019 today. Last quarter the BoP...

Indonesia Prepares Special Economic Zone for Aviation Industry

JAKARTA (TheInsiderStories) - Indonesia' government plans to establish a special economic zone (SEZ) for aircraft maintenance, repair, and operations (MRO) services, after giving tax...

Kalla Says Lowering Price Tickets Harms Airline Companies

JAKARTA (TheInsiderStories) - Indonesian Vice President Jusuf Kalla said that the rate reduction would cause losses to airlines if they were generally accepted. A...

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...

Indonesia Give Signals to Ground Boeing 737 Max Until 2020

JAKARTA (TheInsiderStories) - Indonesia signaled to ground Boeing 737 Max until next year, underscoring two fatal crashes faced by Lion Air in the Java...

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...