People close to Prabowo Subianto will be given strategic posts. Jokowi gives his blessing.

The 2024 haj pilgrimage is marked by confusion over the special haj allocation. There are suspicions of distributions of haj quota shares and commission payments to DPR members.

Aviation industry players are strategizing under pressure. Hoping for an upswing to focus on services.

Airlines are competing for passengers traveling for minor pilgrimage. Different marketing strategies are used by Indonesian and foreign airlines.

The government plans to accelerate the privatization of state-owned enterprises. Stop paying out budget funds for state companies.

Garuda Indonesia announces its biggest ever profits. It hinges on negotiating postponement in paying its bills.

The government is to inject Rp7.5 trillion of fresh funds into Garuda Indonesia. This has the risk of turning into a long-term burden.

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.

Pelita Air fills the middle class aviation market niche now that it no longer has to act as a lifeboat for Garuda Indonesia. The airline prepares to add new planes and open new routes.

A number of SOEs prepare for the worst-case scenario in dealing with their mounting debts, the burden of government assignments.

Companies listed at the Indonesia Stock Exchange, including state-owned enterprises, are dragged into lawsuits for delaying debt repayment and bankruptcy due to their thinning pockets during the pandemic.

Hong Kong’s ban on flights from Indonesia serves as a wake-up call for airlines to tighten health requirements for passengers.

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.

Hit by a storm of crisis, flag carrier Garuda Indonesia’s revenue has fallen drastically during the pandemic, with mounting debts to aircraft lessors and banks. To Tempo, Garuda Indonesia CEO Irfan Setiaputra reveals the roots of the airline’s problems, and what the management is planning for debt restructuring. 

A massive financial crisis is forcing Garuda to downsize its workforce. Many expenses can be reduced.

The government is making plans to bring out flag carrier Garuda Indonesia from a critical situation, threading a steep path between mountains of debts to many creditors.