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ch-aviation • Dirk Andrei Salcedo

Garuda Indonesia plans 249 billion share rights issue

By ch-aviation: Garuda Indonesia (GA, Jakarta Soekarno-Hatta) plans to issue up to 248.7 billion new Series E shares through a rights offering, with an indicative subscription price of IDR58-68 rupiahs (USD0.003-0.004) per share, as part of its financial restructuring.

2026-11-08T17:54:51.324288-08:00
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Bloomberg • Harry Suhartono

Garuda Indonesia’s CFO Kunduvara Steps Down From Role

By Bloomberg: Garuda Indonesia’s Chief Financial Officer Balagopal Kunduvara has stepped down after just over a year in the role, according to a post on his LinkedIn page, as the carrier faces a growing funding crisis that threatens its turnaround.

2026-11-08T17:04:52.314898-08:00