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Garuda Indonesia Seeks Fund of US$900M to Pay Debt

JAKARTA (TheInsiderStories) - Flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) plans to get a fund of around US$900 million in 2020. It aims...

Thohir to Removes CEO Garuda Indonesia

JAKARTA (TheInsiderStories) - Indonesian Minister of State-Owned Entreprises (SOEs) Erick Thohir threatened to remove directors of PT Garuda Indonesia Tbk (IDX: GIAA), in case...

Indonesia Creates Aviation Industry Ecosystem in Batam

JAKARTA (TheInsiderStories) - Indonesia is committed to creating an aviation industry ecosystem to become the top 10 global aviation markets by 2020 and the...

Garuda Indonesia Losses US$175M on Revised 2018 Result

JAKARTA (TheInsiderStories) - State-owned flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) announces it had made a net loss of Rp2.4 trillion (US$175 million)...

Financial Regulators Imposed Sanctions to Garuda Indonesia

JAKARTA (TheInsiderStories) - Indonesia' Financial Service Authority (FSA) and Ministry of Finance have evaluated financial statement of PT Garuda Indonesia Tbk (IDX: GIAA) per...

Indonesia’ Garuda Maintenance Adds Public Ownerships via Rights Issue

JAKARTA (TheInsiderStories) - PT Garuda Maintenance Facility AeroAsia Tbk (IDX: GMFI) aimed at public ownership from 15 percent to 20 percent, said the company...

Indonesia Vows To Lowering Domestic Airfares

JAKARTA (TheInsiderStories) - Indonesian government and all related parties are finalizing the policy to impose domestic low-cost carriers (LCC) airplane tickets, for certain flight...

Garuda Indonesia’s Financial Report Unsuitable with Accounting Standards

JAKARTA (TheInsiderStories) - Indonesia' finance ministry concluded the alleged financial statement audit of PT Garuda Indonesia Tbk (IDX: GIAA) 2018 has not followed the applicable...

Garuda Indonesia Assumes Australian Court Fines Unfair

JAKARTA (TheInsiderStories) - Management of PT Garuda Indonesia Tbk (IDX: GIAA) assessed the Australian federal court's decision to order state-owned flight carrier to pay...

Garuda Indonesia Complains Losses on the Upper Tariff Limit

JAKARTA (TheInsiderStories) - Management of PT Garuda Indonesia Tbk (IDX: GIAA) said that would suffer huge losses around US$18 million per month, if follow...

Indonesian Govt Asks Garuda to Complete Internal Chaos

JAKARTA (TheInsiderStories) - Indonesian government through Transportation Minister Budi Karya Sumadi wrote to the airline PT Garuda Indonesia Tbk (IDX: GIAA) to immediately resolve...

Indonesian Govt to Summon Garuda’s Auditors, Directors Next Week

JAKARTA (TheInsiderStories) – After finding irregularities in the annual financial statements of PT Garuda Indonesia Tbk (IDX:GIAA) in 2018, Ministry of Finance, Supreme Audit...

GMF AeroAsia Assigned as ASEAN’s Airbus Components Repairs

JAKARTA (TheInsiderStories) – Following PT Garuda Indonesia Tbk (IDX:GIAA)'s move cancelling Boeing 737-8 MAX order, Airbus is now tightening its grip to this Indonesia's...

AirAsia Intends to Acquire Citilink Shares from Garuda Indonesia

JAKARTA (TheInsiderStories) – The Indonesian flight carriers, PT AirAsia Indonesia Tbk (IDX: CMPP), claimed to intend to acquire shares of domestic airline PT Citilink...