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Business
Garuda Indonesia Owes Employees $23 Million in Arrears

Garuda Indonesia Owes Employees $23 Million in Arrears

Garuda Indonesia revealed that it owes employees six months pay in arrears, as the state flag carrier continues to sag under nearly $5 billion in debt
Business
Indonesian Stock Exchange Halts Trade in Garuda Indonesia Stocks

Indonesian Stock Exchange Halts Trade in Garuda Indonesia Stocks

The Indonesian Stock Exchange or BEI halted trading in Garuda Indonesia's stocks, after the airline failed to pay $500 million in bonds
Business
NAC Denies Corruption Allegations in Garuda Airplane Procurements

NAC Denies Corruption Allegations in Garuda Airplane Procurements

Aircraft leaser Nordic Aviation Capital (NAC) denied any wrongdoing Garuda Indonesia’s
Business
 Garuda Indonesia Returns 12 CRJ1000 Jets to Their Leasing Company

Garuda Indonesia Returns 12 CRJ1000 Jets to Their Leasing Company

Garuda Indonesia have returned 12 CRJ1000 jets to their leasing company after illegalities were detected in their procurement.
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