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Debt Clipped, Garuda Flies Again

Monday, July 11, 2022

Garuda Indonesia is waiting for state capital injection and new investors after escaping a bankruptcy lawsuit. They convert debts to stocks, removing inefficient flight routes, and reducing fleets.

arsip tempo : 170136276446.

Garuda Indonesia aircraft at Terminal 3, Soekarno-Hatta Airport, Tangerang, Banten, November 2019. TEMPO/Tony Hartawan. tempo : 170136276446.

STATE-OWNED Enterprises (SOEs) Minister Erick Thohir’s post on Instagram on Friday, July 1, revealed the government’s latest effort to save Garuda Indonesia. Erick uploaded a photo of his meeting with Mohammed Ali Al Shorafa, Chairman of United Arab Emirates’ airline, Etihad. “No goodwill ends in vain. Our efforts to restructure Garuda Indonesia have received tremendous appreciation from several parties, including Etihad,&

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Khairul Anam

Garuda Indonesia Erick Thohir PKPU PMN Garuda
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