Tangerang, Banten, Nov. 13 -- The national flag carrier, PT Garuda Indonesia, is prioritizing aircraft repair efforts after securing Rp23.67 trillion (US$1,3 billion) in capital investment from Indonesia's sovereign wealth fund, Danantara.
Garuda Indonesia President Director Glenny Kairupan in a press conference on Thursday, informed that previously the company had signed a Memorandum of Understanding (MoU) to acquire four aircraft.
However, the airline will only acquire one aircraft as it has already made the down payment, while the arrival of the others has been deferred.
"Recently, an MoU was signed for four aircraft. We have paid the down payment for one unit, while the others are postponed. Repairs remain our top priority. If they...
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