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ch-aviation • Dirk Andrei Salcedo

Garuda Indonesia plans rights issue of up to 248.7 billion new shares in restructuring

Garuda Indonesia plans to issue up to 248.7 billion new Series E shares through a rights offering, with an indicative subscription price of IDR58-68 per share (about $0.003-0.004). The offering is part of the carrier’s 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
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Air Data News • Ricardo Meier

Air France completes fleet of 60 A220s but still flies the A318

By Air Data News: Air France has received its 60th Airbus A220-300, five years after introducing the aircraft into service. The delivery fulfills the original order placed in 2019 and gives the French carrier one of the world's largest fleets of the type.

2026-11-08T13:14:41.535068-08:00