The End for Garuda
Monday, 7 June 2021
Garuda’s financial problems must be resolved based on careful commercial considerations. Liquidation of the state-owned airline would not be the end of the world.
THE government needs to announce soon which option has been chosen to resolve the financial crisis at Garuda Indonesia. The strategy for Garuda must use business calculations, not considerations of politics, yet alone pseudo-nationalism.
The majority shareholder, the ministry of state owned enterprises (SOEs), has announced four options to put Garuda Indonesia’s affairs in order. Each option has its own risks. What is needed now is resolve...
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