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Garuda Shelves Citilink Sale Plans
September 05, 2014
Garuda Indonesia is putting on hold plans to sell a stake in its Citilink low-cost carrier (LCC) subsidiary. While potential buyers for Citilink had come forward, the offers were too low, Garuda CEO Emirsyah Satar told reporters in Jakarta. Increasing competition among LCCs in the region and...
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