Garuda Indonesia May Halve Fleet in Major Restructuring

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  • Bloomberg Markets and Finance published this video item, entitled “Garuda Indonesia May Halve Fleet in Major Restructuring” – below is their description.

    May.24 — PT Garuda Indonesia’s president told its staff the airline needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as the company seeks to survive the crisis wrought by the pandemic. Katrina Nicholas reports on “Bloomberg Markets: Asia.”

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    In This Story: Indonesia

    Indonesia, officially the Republic of Indonesia, is a transcontinental country in Southeast Asia and Oceania, between the Indian and Pacific oceans. It consists of more than seventeen thousand islands, including Sumatra, Java, Borneo, Sulawesi, and New Guinea. Jakarta is the capital.

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