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View all search resultsGaruda
Opinion 07:00 am
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.
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.
