Garuda Aerospace has filed its draft red herring prospectus (DRHP) through the confidential route earlier this week, marking a step towards a public listing as the drone maker looks to raise Rs 1,000 ...

While the exact size of the IPO is yet to be determined, the company’s board, via an extraordinary general meeting (EGM) on March 19, approved an IPO that can comprise a fresh issue of up to ₹750 Cr ...

JAKARTA: The double whammy faced by Indonesia’s national flag carrier Garuda Indonesia - which saw the firm reporting a net loss of 5.4 trillion rupiah (US$318 million) in 2025 as well as the recent ...

aruda Indonesia continues to face deep financial distress, recording a net loss of US$319.39 million (Rp 5.2 trillion) in 2025, nearly five times larger than its 2024 loss. The recurring deficit has ...

SINGAPORE – Passengers on board a Garuda Indonesia flight bound for Jakarta, Indonesia, from Changi Airport were evacuated after a safety issue was detected on the aircraft before take-off on March 25 ...

TEMPO.CO, Jakarta – Garuda Indonesia President Director, Glenny Kairupan, revealed several strategic steps the company will take to improve performance in 2026. He stated that the company will focus ...

[JAKARTA] Garuda Indonesia posted a wider net loss in 2025, as its revenue from scheduled airline services weakened and costs in some areas rose. The flag carrier’s net loss widened to US$323 million ...

Drone-tech firm Garuda Aerospace and Airbus Helicopters have signed a contract for Garuda to acquire up to 18 Flexrotor Uncrewed Aerial Systems, commonly known as UAS or high-tech drones. This ...

JAKARTA/KUALA LUMPUR: Garuda Indonesia has temporarily suspended flights to and from Doha "until further notice", the company said in a statement, following United States-Israel airstrikes and Iran's ...

SINGAPORE—Garuda Indonesia has appointed Glenny Kairupan as its new CEO. Glenny is the second person to hold the position in less than a year. He replaces Wamildan Tsani Panjaitan, who assumed the ...

Garuda Indonesia is seeking as much as $1.4 billion capital injection from the country’s sovereign wealth fund, Danantara Indonesia, to support the turnaround of the cash-strapped flag carrier. Under ...