AVIATION
Local Routes, Tasty Profits
Tuesday, September 1, 2009
Garuda Indonesia continued to record profits for the past three years. This was because of its domestic routes. Debts are still a problem, though.
arsip tempo : 178040392240.
COMING out of the office of Minster of Finance Sri Mulyani Indrawati, the smile on Agus Martowardojo’s face was wide. “Garuda is already healthy,” he said. So why was the CEO of Bank Mandiri talking like this about Garuda, a state-owned enterprise that is also the largest airline in Indonesia? It seems that Agus was invited by the Minister of Finance to settle Garuda’s non-performing loan from Mandiri amounting to US$100 million, or aroun
...
Subscribe to continue reading.
We craft news with stories.
For the benefits of subscribing to Digital Tempo, See More
