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View all search resultsGaruda-Indonesia
Companies 1 year ago
PREMIUM
Govt banking on Danantara to help expand Garuda's fleet
The government plans to use the new sovereign wealth fund to help finance up to 100 aircraft to expand the fleet of the national airline, which has navigated a path of financial turbulence over the past decade or so, alongside a potential aim to strengthen the country's aviation industry.
Society 1 year ago
Jakarta court jails ex-Garuda chief over new graft case
Prosecutors had said Emirsyah Satar, who ran Garuda from 2005 to 2014, had procured Bombardier's CRJ and ATR 72 jets without proper procedures and board approval in 2011, a court document showed. A "lack of transparency" led to the planes' poor performance, costing the state about $610 million.
Politics 2 years ago
KPK seeks eight years for ex-Garuda boss in procurement graft case
The KPK has asked the Jakarta Corruption Court to hand down a sentence of eight years, a Rp 1 billion (US$61,061) fine and a $86 million restitution to Emirsyah Satar for corruption related to an aircraft procurement deal for the flag carrier that incurred $609 million in state losses.
