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View all search resultsgaruda-indonesia
Companies 1 month ago
PREMIUM
Citilink expands fleet to 43 aircraft, thanks to Danantara's support
Low-cost airline Citilink has expanded its fleet 21 percent in the first half of 2026 from the previous semester, as part of a nearly $370 million first-phase funding provided by Danantara to parent company Garuda Indonesia to improve its MRO business.
Asia & Pacific 2 months ago
Pakistan searches for Boeing cargo plane missing off Karachi
The plane, operated by the private K2 Airways, had five crew members on board and was en route from Sharjah in the United Arab Emirates to Karachi when it went missing on Tuesday evening after reporting a "navigational system issue," the authority said.
Opinion 5 months 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 5 months 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 7 months 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 10 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.
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