Indonesian Stock Exchange Suspends Trading in GIAA Stocks Following Airline’s Failure to Meet Sukuk Share Obligations,
Tag: Garuda Indonesia
Former Garuda CEO Sent to Prison
Former Garuda CEO, Ari Askhara, Sentenced to One Year in Prison for Corruption and Smuggling,
Indonesian Aviation Laid Low by COVID-19
All Indonesian Commercial Airlines Compelled to Substantially Reduce Payrolls to Survive Continuing Global Pandemic.
Garuda Adds Seats Between Jakarta & Bali
Garuda Now Using Only Wide-Bodied Aircraft on 104 Weekly Flights Jakarta-Bali-Jakarta.
Garuda Flexes its Wings Internationally
Garuda Adds International Flights for Indonesian Travelers Starting from Christmas 2020 and New Year’s 2021.
Bali Governor Pleads for Lower Airfares
Bali Governor Pleads with Garuda Indonesia to Lower the Cost of Domestic Air Travel to Bali.
Garuda’s Losses Remain Sky High in Q3 2020
Garuda’s Financial Woes Deepen Recording Losses of US$1.07 billion in Q3 of 2020.
Garuda’s New Cargo Service Bali – Hong Kong
Garuda Diversifies Income Streams with New Weekly Cargo Service Between Bali and Hong Kong.
Garuda Terminates Another 700 Workers
With no end in Sight to the Myriad of Problems Facing Global Aviation, Garuda Indonesia takes the Reluctant Decision to Terminate Another 700 Workers.
Garuda Indonesia Gets a Short Term Loan
Garuda Indonesia Receives Urgent Rp. 1 Trillion Bridging Loan from Indonesia Eximbank.
Garuda Shelves Plans for New Aircraft
Hemorrhaging Cash and Deeply in Debt, Garuda Indonesia Shelves Any Plans for New Aircraft Purchases.
Zero Tolerance for Flying High at Garuda
Garuda Indonesia Commences Company-wide Drug Screening in Cooperation with BNN Anti-Narcotics Agency.