Vinay Malhotra – IndiGo has a promising market in- and outside India
Tag Indonesia
Garuda Indonesia back in the red for HY1
Indonesia flag carrier Garuda Indonesia has slipped back into red numbers for the first six months of 2023. The carrier posted a $-109.6 million pre-tax operating loss compared to a $4.0 million profit last year. The net loss is $-76.4 million…
Transnusa first non-Chinese airline to receive COMAC ARJ21
COMAC delivered the first ARJ21 regional jet to a non-Chinese customer on December 18. Indonesia’s Transnusa Airlines received the first of what should be thirty ARJ21-700s on order, which marks the first time that an airline outside China will operate a…
AirAsia X restarts with a quarterly loss
AirAsia X Malaysia ended the June quarter with an RM-652.5 million net loss. As the low-cost long-haul carrier resumed passenger operations in the quarter after two years of grounding due to the Covid crisis, the result can’t be compared to…
Asia has still a long way to go to full recovery
Indonesia suspects corruption Garuda over ATR lease deals
The Indonesian Ministry of State-Owned Enterprises is investigating corruption with aircraft lease contracts and procurements at Garuda Indonesia. The investigation initially focuses on the purchase of Garuda’s thirteen ATR 72-600s, but the ministry suspects the involvement of other manufacturers as…