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Garuda

Low-Flier For Sale

Tuesday, November 20, 2001

Losses incurred by five SOEs during the 1995-1999 period reached over Rp24 trillion. Garuda Indonesia, which posted the highest loss, is set to be sold in 2003. How is it performing?

arsip tempo : 173519037519.

. tempo : 173519037519.
Two opposing reports concerning the state airline company PT Garuda Indonesia emerged on Thursday. At the Ministry of Finance in Jakarta, the government announced state-owned Garuda airline registered the biggest losses during its 1995-1999 operations period. But on that very same day, in another part of town, the company was declared to have won the confidence of its creditors, enabling its debts to be restructured. Both news are true. For four ...

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