Garuda Indonesia plans to maximise business performance momentum following its exit from restructuring, tapping into opportunities in the cargo and religious pilgrimage markets.
The airline, which completed restructuring at the end of 2022, is also targeting to operate 66 aircraft this year, in addition to another six aircraft it already owns. It is a slight increase over previous estimates of 70 aircraft by end-2023.
The disclosure comes as the Indonesia Stock Exchange lifts a trading suspension on Garuda shares, a move airline chief Irfan Setiaputra calls a positive step in the carriers path to recovery.
In a 3 January statement, Setiaputra says: With an increasingly solid foundation of business performance that is also supported …
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