Bloomberg
• Harry Suhartono, Norman Harsono
Garuda Indonesia’s finances have deteriorated further only months after sovereign wealth fund Danantara provided a $1.4 billion rescue. Surging fuel costs have wiped out the flag carrier’s remaining equity, increasing pressure for a new share sale to restore its balance sheet.
Airlines
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Garuda Indonesia’s finances have deteriorated further only months after sovereign wealth fund Danantara provided a $1.4 billion rescue. Surging fuel costs have wiped out the flag carrier’s remaining equity, increasing pressure for a new share sale to restore its balance sheet.
Mongolia is considering COMAC C919s as part of the fleet renewal of its national airline, MIAT. The interest would give the Chinese narrowbody a potential foothold in Mongolia and add another prospective customer as COMAC seeks to expand the aircraft’s international presence.
PT AirAsia Indonesia is considering restructuring part of its liabilities and selling shares as it seeks to repair a balance sheet that has kept the low-cost carrier’s stock suspended since July. The measures signal continued financial pressure and uncertainty around the airline’s path to restoring normal trading.
Singapore plans to impose a world-first green levy on flights departing the city-state, adding a new cost to air travel as fares and operating expenses continue to rise. The measure puts environmental policy directly into ticket pricing and airline cost planning.
United Airlines will introduce three fare tiers for United First and United Business on domestic and short-haul international routes, according to an internal announcement. The move expands the carrier’s premium-fare structure across shorter-haul markets, giving customers additional purchase options within its premium cabins.
High activity
A flydubai flight from Dubai to Tel Aviv diverted to Saudi Arabia after one pilot allegedly stabbed a colleague and apparently attempted to crash the aircraft. Indian pilot Smit Machchhar was hailed by Israeli and Indian leaders for helping save passengers; the motive remains unknown.
High activity
Air France-KLM and Lufthansa have submitted improved binding offers for stakes of up to 49.9% in TAP Air Portugal, closing the bidding phase. Portugal plans to select a strategic partner by mid-October, while Air France-KLM proposes Lisbon as its sole southern European hub.
Air New Zealand will add more than 7,000 seats between Shanghai Pudong and Auckland during the 2027 Chinese New Year period, targeting one of the busiest travel seasons for Chinese visitors to New Zealand. The increase expands capacity on a key Asia-Pacific market for the national carrier.
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