Members of the Association of Asia Pacific Airlines collectively have set an “aspirational target” of 5% sustainable aviation fuel (SAF) usage by 2030.
Garuda's Boeing 737-800 flew from Jakarta to Pelabuhan Ratu using Bioavtur J2.4 fuel, which contains 2.4% refined palm oil developed by state-owned Pertamina.
The memorandum of understanding was signed by Garuda Indonesia President and CEO Irfan Setiaputra and Capital A CEO Tony Fernandes in Jakarta, Indonesia.
Andi Fahrurrozi, CEO at Indonesian maintenance provider GMF AeroAsia, discusses where it is looking to leverage partnerships and add further airframe capability.
Singapore Airlines and Garuda Indonesia have agreed to enter a joint venture to coordinate schedules between Singapore and Indonesia to boost capacity.
Garuda Indonesia and Indonesia’s ministry of state-owned enterprises (BUMN) have moved to cut short a lease for 12 Bombardier CRJ1000 regional jets and return them to lessor Nordic Aviation Capital (NAC).
Although Garuda Indonesia slumped to a substantial loss in the 2020 third quarter (Q3), its financial performance showed signs of improvement compared to the previous quarter.
Indonesia’s government is reportedly planning to add flag-carrier Garuda Indonesia to a larger holding company in a bid to streamline marketing operations, cut prices and attract more tourists.
Garuda Indonesia’s financial situation worsened as lessors took legal action for unpaid leases and government aid to help the flag-carrier weather the COVID-19 crisis has yet to arrive.
In a move to promote tourism spending in Bali, Garuda Indonesia is exploring new long-haul flights from the resort island to Europe, India and the U.S. even though the routes would be unprofitable ones.
The Indonesian government is in the process of helping Garuda Indonesia draft a $1 billion financing proposal as the state-controlled airline has a $500 million Islamic bond (sukuk) due in June.
Garuda Indonesia saw first quarter (Q1) 2020 revenue drop by 33% year-on-and year—and sharper declines are yet to come in April as COVID-19 restrictions within Indonesia tighten.
After two consecutive lossmaking years, Garuda Indonesia achieved a profit of $6.5 million for 2019, reversing its $229 million loss a year prior; the airline did not provide an outlook for 2020.
Singapore Airlines (SIA) and Garuda Indonesia are now codesharing on each other’s flights between Singapore and the Indonesian capital Jakarta after expanding an agreement that started nine years ago.