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Magazine Issue

Aviation Week & Space Technology 1996-07-08

VOL. 145 NO. 2 July 08, 1996

Air Transport

article

Garuda Streamlines Fleet On Road to Privatization

Jul 08, 1996
Garuda Indonesia Airlines intends to reduce its aircraft types as part of a fleet restructuring program that is part of a broader plan to improve its profitability. The national flag carrier recently needed a $696-million cash infusion from the government to reduce its debt to equity ratio but still carries a $754-million debt, according to Minister of Transportation Maryanto Dhanutirto.