Garuda Indonesia (Persero) Tbk PT


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Garuda Indonesia (Persero) Tbk PT at Nomura Virtual Asian High Yield Corporate Day

Latest Developments


Garuda Indonesia acquires approval to extend $500 mln sukuk maturity

Garuda Indonesia names Irfan Setiaputra as new president director -presentation

Garuda Indonesia cancels plan to issue $900 mln bonds for refinancing


About Garuda Indonesia (Persero) Tbk PT

PT Garuda Indonesia (Persero) Tbk is an Indonesia-based company primarily engaged in commercial airline business. Its business is classified into three segments: flight operation, aircraft maintenance services and other operations. Its flight operation segment comprises passenger flights, which offers both scheduled and non-scheduled flights, and cargo flights. Its aircraft maintenance services segment is operated by its subsidiary, PT Garuda Maintenance Facility Aero Asia. Its other operations segment includes flight services, travel agent, catering, ground handling, facility, hotel, information technology, health, training and other business activities of the Company’s subsidiaries.



Contact Info

Jalan Kebon Sirih No. 46A




Executive Leadership

Sahala Lumban Gaol

President Commissioner

I. Gusti Ngurah Askhara Danadiputra

President Director

Fuad Rizal

Director of Finance and Risk Management

Heri Akhyar

Director of Human Capital

Bambang Adisurya Angkasa

Director of Operations

Key Stats

4.00 mean rating - 1 analysts
Revenue (MM, USD)
















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Latest News

Latest News

Garuda Indonesia talking to Airbus to delay 2020 deliveries

Flag carrier Garuda Indonesia <GIAA.JK> is in talks with Airbus <AIR.PA> to delay deliveries of four aircraft this year, its chief executive said on Tuesday, as the coronavirus outbreak restricts travel and dampens demand.

UPDATE 1-Garuda Indonesia to seek 3-year maturity extension for $500 mln sukuk

Airline PT Garuda Indonesia is preparing to propose a 3-year maturity extension to its $500 million Islamic bonds that are coming due on June 3, the company said in a statement late on Tuesday.

Garuda Indonesia to seek 3-year maturity extension for $500 mln sukuk

Airline PT Garuda Indonesia is preparing to propose a 3-year maturity extension to its $500 million Islamic bonds that are coming due on June 3, the company said in a statement late on Tuesday.

Indonesian govt plans to inject capital into state companies to cope with pandemic

The Indonesian government is listing state-owned companies hit hard by the coronavirus pandemic that will receive government support, which may include airline Garuda, a finance ministry official said on Wednesday.

Indonesia to help arrange $500 mln bridging loan for Garuda amid bond restructuring -govt

Indonesia's government is working to arrange a $500 million bridging loan for flag carrier Garuda as the airline seeks to restructure Islamic bonds due to mature next month, a deputy minister said on Monday.

Garuda Indonesia suspends directors linked to Harley Davidson smuggling: commissioner

Flag carrier PT Garuda Indonesia <GIAA.JK> is suspending directors linked to the alleged smuggling of a Harley Davidson motorbike by its chief executive, the company's chief commissioner said on Saturday.

Indonesia fines Garuda after CEO fired over smuggled Harley Davidson

Indonesia will fine flag carrier PT Garuda Indonesia <GIAA.JK> for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorcycle onboard a new plane, state news agency Antara cited the transport minister as saying.

Indonesia to fire Garuda CEO for alleged smuggling of motorbike: minister

The chief executive of national flag carrier PT Garuda Indonesia <GIAA.JK> will be dismissed on suspicion of smuggling a motorbike into the country on a new plane, State-Owned Enterprises Minister Erick Thohir said on Thursday.

UPDATE 1-Garuda Indonesia expects $70 mln profit in 2019 - finance director

* Airline still talking to Boeing about 737 MAX order (Adds comments on strategy, 737 MAX talks)

RPT-Garuda scraps inflight photo ban amid online uproar

Indonesian flag carrier Garuda withdrew a proposal to stop passengers taking photos in cabins on Wednesday after being mocked over a plan that was introduced after a travel blogger posted unflattering photos on a flight.

Airline Garuda Indonesia to fix financial statement after regulator order

Indonesian flag carrier Garuda <GIAA.JK> will comply with requests from regulators to "fix and restate" its financial statements and pay fines for accounting errors, company executives said on Sunday.

Indonesian regulators order Garuda to restate 2018 results, shares drop

Indonesian regulators have ordered national flag carrier Garuda <GIAA.JK> to "fix and restate" its 2018 financial results over accounting errors within two weeks, and said they would also impose fines on the airline and its directors.

Some Garuda shareholders question its 2018 results, $240 mln deal

The two largest private shareholders of Indonesian national flag carrier Garuda questioned on Wednesday the airline's 2018 financial results and alleged it misrepresented a $240 million financial transaction - a claim the airline rejected.

Sriwijaya Air cancels plan to lease two Boeing 737 MAX jets

Indonesia's Sriwijaya Air, which is operated by flag carrier Garuda Indonesia, has cancelled plan to lease two Boeing Co 737 MAX jets, a spokesman said on Friday.

Indonesian airline Garuda in talks with Go-Jek to provide logistics support

Indonesia's national carrier Garuda and Go-Jek are in talks for a partnership that will make it easier for the ride-hailing and e-commerce app to move goods to customers within the 17,000 islands of the sprawling Southeast Asian archipelago.

UPDATE 2-Indonesia's Garuda airline expects to make profit in 2018 -CEO

* Garuda's maintenance unit to build tyre plant with CCI & Dunlop (Adds Air Asia comment)

UPDATE 1-Indonesia's Garuda drops 2018 profit hopes, aims for losses under $100 mln

The new boss of Indonesia's Garuda has abandoned the state-owned airline's hopes of making a profit this year, saying he aimed to keep losses to less than $100 million despite rising fuel prices and a weaker rupiah.

Indonesia's Garuda names Ari Askhara as new chief executive -sources

Indonesian state airline Garuda named I Gusti Ngurah Askhara Danadiputra as its new chief executive at a shareholder meeting on Wednesday, two sources told Reuters.

UPDATE 2-Garuda pilots call off strike plans, airline to break even this year - CEO

* Garuda targets to break even in 2018, despite higher oil prices

UPDATE 1-Garuda Indonesia trims Q1 loss, links 2018 profit to fuel price

Flag carrier PT Garuda Indonesia posted a smaller net loss in the first quarter and its chief executive said the airline was on track to return to profitability in 2018, depending on the fuel price.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.