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Jakarta Post
The Jakarta Post
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Trans Airways buys 10.9% stake in Garuda

  • Raras Cahyafitri

    The Jakarta Post

Jakarta | Sat, April 28 2012 | 08:58 am

PREMIUM PT Trans Airways, owned by one of Indonesia’s richest businessmen, Chairul Tanjung, completed on Friday Rp 1.53 trillion (US$166.8 million) in transactions to purchase a 10.9 percent stake in national flag carrier PT Garuda Indonesia (GIAA).

Chairul, who also chairs the government-appointed think tank, the National Economic Committee (KEN), purchased the shares from underwriters of Garuda...