All Garuda Indonesia articles – Page 2
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NewsGaruda Indonesia receives first A330neo
Garuda Indonesia has taken delivery of the first of 14 Airbus A330-900 aircraft it has on order.
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Airline BusinessSmaller Indonesian carriers grow as majors shrink
Major carriers Garuda Indonesia and Lion Air have been cutting capacity in the Indonesian market since late 2018, but smaller operators have ramped up to fill the gap.
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Sriwijaya Air ends Citilink management deal
Sriwijaya Air has ended a management deal it has with Garuda Indonesia's low-cost arm Citilink, leaving the carrier to chart its own independent path.
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Garuda swings to operating profit during third-quarter
Double-digit revenue growth at Garuda Indonesia during the third quarter 2019 helped the airline leave behind its previous loss-making status.
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Garuda's nine-month result shows return to profitability
Garuda Indonesia posted an operating of $253 million for the first nine months of 2019, a significant turnaround from a $70.8 million operating loss in the year-ago period.
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Garuda to lease two 737-800BCFs from GECAS
Garuda Indonesia will lease two Boeing 737-800 converted freighters from GECAS from mid-2020.
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Indonesia grounds three 737NGs with structural cracks
Indonesia’s civil aviation authorities have grounded three older Boeing 737NGs, after inspections revealed structural cracks.
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Citilink management deal in limbo as Sriwijaya sacks executives
Sriwijaya Air's board of commissioners has sacked three senior executives seconded from Citilink in a sign that the management agreement between the airlines may be in trouble.
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GMF AeroAsia names Kurniawan as new chief
Garuda Indonesia’s MRO arm has appointed Tazar Marta Kurniawan as its chief executive and president.
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Indonesia's Citilink returns to profit in first half
Garuda Indonesia's budget unit Citilink has posted an operating profit of $42.9 million for the first six months of 2019, turning around its $19.7 million loss for the same period last year.
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Garuda discloses LOI for A330-800s
Garuda Indonesia signed a letter of intent to acquire four Airbus A330-800s in June in a deal that went unannounced.
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Lion Air and Garuda ink MRO joint venture agreement
Lion Air’s technical arm Batam Aero Technic (BAT) and Garuda Indonesia’s MRO unit GMF AeroAsia have inked a cooperation agreement that will see them jointly build and operate hangars on the Indonesian island of Batam.
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Airline BusinessChastised Garuda forced to eat humble pie
As an airline accustomed to reporting losses, the pressure on Garuda Indonesia to show that it was making money in 2018 must have been huge for it to turn to some creative accounting – a move that has now backfired on it.
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Yield rebound brings Garuda back to profit over first half
A rebound in passenger and cargo revenues helped bring Garuda Indonesia to report an operating profit of $82 million for the first half of the year.
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NewsGaruda unlikely to breach debt covenants as outlook brightens
Garuda Indonesia is optimistic that it will not breach key debt covenants as its financial situation is looking stronger this year.
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Restated accounts show Garuda loss widened in 2018
Garuda Indonesia has restated its 2018 financial results, which now show that it made a full year operating loss of $139 million, instead of the $101 million operating profit disclosed in April.
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Garuda tweaks London service again despite talk of route closure
Garuda Indonesia has tweaked its London service again, despite an earlier mention made by its chief executive that the London flights will end in August.
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Garuda's LCC Citilink to start long-haul flights with A330neos
Garuda Indonesia's low-cost arm Citilink is preparing to launch long-haul services in the fourth quarter of 2019 with Airbus A330-900s.
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Stock exchange orders Garuda to restate first quarter results
The Indonesia Stock Exchange (BEI) has ordered Garuda Indonesia to restate its first quarter financial results, just after the country's Financial Services Authority (OJK) ordered the same for the carrier's 2018 earnings.
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Airline BusinessANALYSIS: Tide goes out on Indonesia-Japan capacity
Capacity between Indonesia and Japan is set to decline over the second half of this year, reversing a decade of growth.