JAKARTA (The Jakarta Post/ANN): The country’s airlines are in dire need of financial stimulus to withstand the Covid-19-induced crisis, amid a sharp revenue decline and looming deadlines for short-term liabilities, the Indonesian National Air Carrier Association (INACA) has said.
The comments came as flag carrier Garuda Indonesia was in discussion to receive a state capital injection of Rp8.5 trillion as a derivative of the latest issuance of Government Regulation No. 23/2020 on the national economic recovery programme.
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