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View all search resultsGaruda-Indonesia
Opinion 1 day ago
PREMIUM
Analysis: Garuda’s losses persist despite bailouts, raising governance concerns
Garuda Indonesia continues to face deep financial distress, recording a net loss of US$319.39 million (Rp 5.2 trillion) in 2025, nearly five times larger than its 2024 loss. The recurring deficit has raised serious concerns, particularly as the flag carrier received a substantial capital injection of US$1.42 billion from state asset fund Danantara last year to stabilize its operations. Despite this financial support and multiple leadership changes, the national airline has yet to return to profitability, underscoring persistent governance challenges that have plagued it for years.
Academia 2 weeks ago
PREMIUM
Garuda’s 50 Boeing planes deal: Between ambition and survival
Garuda’s multi-billion dollar bet on 50 new Boeing jets will either modernize Indonesia's skies or ground the carrier in debt, depending entirely on whether the deal prioritizes operational logic over political optics.
Academia 1 month ago
PREMIUM
Addressing the 4Is of good corporate governance (Part 2)
As trillions in state funds remain unrecovered, Indonesia’s path to sustainable growth hinges on moving beyond 'business as usual' toward a rigorous, mandatory framework of institutional control and proactive intervention
Opinion 5 months ago
PREMIUM
Analysis: Can Friendship Fly Garuda?
The appointment of Gen. (ret) Glenny H. Kairupan as President Director and CEO of Indonesia's flag carrier Garuda Indonesia has stirred public debate about whether friendship can lift a troubled airline. Glenny, who took part in combat missions with President Prabowo Subianto, replaces another of Prabowo's close associates, Wamildan Tsani.
Archipelago 5 months ago
PREMIUM
Four Medan cops detained after arresting politician in mistaken identity case
The four policemen wrongfully detained North Sumatra NasDem Party chairman Iskandar at Kualanamu International Airport in Deli Serdang regency, during an investigation into online scams and gambling.
Companies 5 months ago
PREMIUM
Prabowo ally named Garuda Indonesia CEO, strengthening control
Garuda Indonesia has appointed Glenny H. Kairupan, a retired military officer and member of President Prabowo Subianto’s Gerindra party, as its new CEO, a move analysts say tightens political oversight of the state-owned enterprise.
