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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...

Sets Ticket Tariff, the Government Requests Airlines to Comply the Rules

JAKARTA (TheInsiderStories) – The government through the Ministry of Transportation has issued two new rules related to airplane tariffs on Friday last week. With...

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...

Morning Briefing: CPO Banned by EU, Indonesia Threatens Retaliation

JAKARTA (TheInsiderStories) — Good morning! Disagree with European Union restriction on palm oil, Indonesia threatened to ban imports of some goods from the EU...

Indonesia, China Suspends Boeing 737 Max Planes After Ethiopia Crash

JAKARTA (TheInsiderStories) - Indonesia and China’s aviation regulator has told domestic airlines to suspend operation of Boeing 737-8 MAX aircraft following the second deadly...

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...

Garuda Indonesia Sues UK’s Roll Royces for US$44M

JAKARTA (TheInsiderStories) - The country's flight carrier PT Garuda Indonesia Tbk (IDX: GIAA) sued Rolls Royce PLC and Rolls Royce Total Care Services Limited,...

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 Eyes $500M Loans to Pay Off Debt

JAKARTA (TheInsiderStories)--PT Garuda Indonesia Tbk (IDX: GIAA) eyes US$500 million loans to pay off this year's maturing debts. Garuda Indonesia's Finance and Risk Management Director...

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 Add Frequency of Flights to Perth

 JAKARTA (TheInsiderStories) - PT Garuda Indonesia Tbk (IDX: GIAA), from 4 May will increase the frequency of its flights from Jakarta to Perth from...

Boosting MRO Business to Discourage Fund Outflows

JAKARTA (TheInsiderStories) - The country's aircraft maintenance, repair and overhaul (MRO) business is projected to continue to expand in coming years, in line with...

Five Airlines Show Highest On-Time Records

JAKARTA (TheInsiderStories) - Directorate General for Air Transportation at the Ministry has revealed five airline operators that have shown high on-time (OTP) records in...

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...

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...

Industrial Review: MRO Business to Reach US$2.2 Billion by 2025

JAKARTA (TheInsiderStories) - The Indonesian Ministry of Industry has projected the value of national maintenance, repair, and overhaul (MRO) business to rise to US$2.2 billion...

Garuda Indonesia Considering to Issue US$148 Million Global Bond

JAKARTA (TheInsiderStories) - State airline PT Garuda Indonesia Tbk (IDX: GIAA) plans to issue a dollar-denominated bond in first half of 2018, for an...

Indonesia’s Garuda Maintenance Facilities set IPO Prices Rp390 to Rp510

JAKARTA (TheInsiderStories) - PT Garuda Maintenace Facilities Aerowisata (GMF), a unit of state-owned airlines operator PT Garuda Indonesia Tbk (IDX: GIAA), has set its...