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  • Bloomberg2 months ago

    Garuda Stalls Multibillion-Dollar Deal in ‘Buyers Market’

    PT Garuda Indonesia is in no hurry to finalize a multibillion-dollar order of as many as 250 aircraft, saying the sluggish global economy will give it more leeway in negotiations with Airbus Group SE and ...

  • Reuters5 months ago

    AIRSHOW-UPDATE 1-Garuda Indonesia restructures fleet, defers plane deliveries

    Garuda Indonesia is facing pressure on yields because of over-capacity in markets and weak economic growth, forcing it to restructure its fleet and defer some aircraft deliveries, the airline's president said on Wednesday. Garuda and its budget carrier, Citilink, face intense competition from privately held Lion Group, which has become a dominant local player, helped by aggressive expansion and record aircraft orders. "The markets seem to be in over-capacity, not only domestic but also regional," Garuda's Arif Wibowo told Reuters in an interview at the Singapore Airshow.