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Jakarta Post
The Jakarta Post
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Garuda announces new plans for Citilink ahead of spin-off

  • The Jakarta Post

Jakarta | Fri, August 5 2011 | 08:00 am

PREMIUM Flag carrier Garuda Indonesia has announced new business plans for its low-cost carrier (LCC) brand Citilink ahead of a plan to spin-off Citilink as a separate business entity in the first quarter of 2012.

The newly appointed advisor to Garuda’s board of directors for Citilink development, Con Korfiatis, told a press conference on Wednesday afternoon that the plans would include a “very...