Negotiations for government aid for Garuda move slowly
JAKARTA: Indonesia’s flag carrier needs cash fast as losses soar past a half-billion dollars and unpaid bills pile up, yet negotiations for government aid move slowly and still may not yield enough to cover the shortfall.
A first-half loss of US$713mil, announced last week, was just the latest piece of bad news for PT Garuda Indonesia.
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
