Garuda Indonesia, the national flag carrier of Indonesia, has announced the appointment of Wamildan Tsani Panjaitanas its new Chief Executive Officer (CEO), succeeding Irfan Setiaputra. This leadership change marks a pivotal moment for the airline as it seeks to navigate the challenges of the aviation industry and strengthen its position in the regional and global markets.
The Indonesian government is reportedly evaluating a change in leadership at Garuda Indonesia, as part of an initiative to enhance the airline’s profitability and support its growth ambitions. Current CEO Irfan Setiaputra may be replaced in a strategic move to position Garuda for a more financially stable and competitive future. Leading candidates for the position…
Garuda Indonesia has reported a net loss of $131.2 million for the first nine months of 2024, despite a 14.7% increase in revenue to $2.6 billion. The financial results highlight the ongoing challenges faced by the airline as it navigates through post-pandemic recovery and aims to stabilize its operations.
Airbus’s A330-800 program faces further challenges as Garuda Indonesia reportedly canceled its order for four aircraft, reducing the global backlog to just one remaining delivery. Originally intended as a replacement for the successful A330-200, the A330-800 has struggled with demand, partly due to its narrow customer base and the higher capacity appeal of its sibling,…
