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Garuda Indonesia is believed to be inappropriately recording its revenue. Two commissioners refused to sign the state-owned airline’s financial report. Their objection letters have sparked a debate.
When the company launched its business two years ago, Mahata Aero Teknologi was touted as the first low-cost inflight Internet operator. Recently the company received financing from a Dubai investor.
Garuda Indonesia’s leadership is pursuing various avenues to overcome the company’s losses. The airline has minor pilgrimage and haj customers in its sights.
Garuda Indonesia Finance Director Fuad Rizal