Garuda has incurred debts of more than Rp. 70 trillion ($4,991,866,000) because of the Covid-19 pandemic, corruption and financially questionable deals.
These include the arrest of former President Director I Gusti Ngurah Askhara or Ari Ashkara in 2019 for smuggling Brompton bicycles and Harley Davidson motorbikes.
The latter included the renting of 12 CRJ1000 jets from the Nordict Aviation Capital leasing company in 2011. Garuda Indonesia President-Director Irfan Setiaputra estimated that the deal cost the airline Rp. 420 billion ($30 million) in annual losses.
(Writer: Wahyuni Sahara | Editor: Bayu Galih)
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