He also stresses that Garuda has been transparent with creditors, 95% of whom approved the restructuring, which reportedly involved over $9 billion in debt. “We have done this through intensive ...

Garuda posted a net profit of $3.76 billion, reversing the $902 million net loss in 2021. The airline also ended the period with about $131 million in cash and cash equivalents, higher than what ...

An Indonesia academic has called for the upcoming Garuda Indonesia initial public offering (IPO) to be kept transparent to avoid public shares from being acquired or dominated by “certain ...

Garuda is also considering bringing back the 737 Max 8a model it quietly returned to lessors during its $10 billion debt restructuring. The airline had previously tried to cancel a $4.8 billion ...

Indonesian flag carrier PT Garuda Indonesia is planning to replace the head of its low-cost unit, PT Citilink Indonesia, in an effort to boost profitability and recover from the fallout of the ...