Garuda Indonesia’s CFO Balagopal Kunduvara has stepped down after just over a year in the role, according to a post on his LinkedIn page, as the carrier faces a growing funding crisis that threatens its turnaround

Garuda Indonesia is seeking fresh capital through a rights issue after higher fuel costs wiped out its equity, adding pressure just months after a $1.4 billion rescue by Danantara

PT Garuda Indonesia is planning to raise more debt and has negotiated longer payment terms with its main fuel supplier PT Pertamina, the airline said in an earnings call, as soaring oil and maintenance costs deepened losses

#Transportation# |✈️ New route alert! 9 Air launches #Guangzhou–##Jakarta# flights! Starting Sept 22, the Guangzhou-based low-cost carrier will operate 3 weekly return flights to Jakarta. 🇨🇳➡️🇮🇩 Boeing 737-800 | 5th carrier on this route – joining #China# Southern, Garuda, TransNusa & Spring Airlines. Total weekly flights between the two cities now reach 37, boosting southern China–#Indonesia# connectivity! 🌏 #9Air# #NewRoute# #LowCostCarrier# #AviationNews# #ChinaIndonesia# #BaiyunAirport# #TravelUpdate# #FlightAlert#