ch-aviation
• Dirk Andrei Salcedo
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.
Airlines
Latest source-backed stories
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.
Chief Financial Officer Balagopal Kunduvara has stepped down after just over a year in the role, according to his LinkedIn page. His departure comes as Garuda Indonesia faces a growing funding crisis that threatens the carrier’s turnaround.
New Caledonia-based Aircalin is reported to be arranging a damp lease for an Airbus A330-300. The available report does not specify the aircraft’s lessor, lease term, capacity, or intended deployment, leaving the scale and operational purpose of the arrangement unclear.
High activity
RECARO Aircraft Seating has launched a business-class seat developed exclusively for Singapore Airlines. The bespoke product is part of the airline’s recently unveiled premium-cabin strategy, which introduces new cabin designs and layouts for its Boeing 777X and Airbus A350 long-haul fleets.
The delivery brings Air France’s A220-300 fleet to 60, fulfilling the order it placed in 2019 and giving the French carrier one of the world’s largest fleets of the type. The airline has introduced the aircraft over five years while continuing to operate the A318.
Czech airline Smartwings has appointed a new chief executive. The available report does not identify the incoming leader or provide details on the timing, the predecessor, or any accompanying changes to the airline’s strategy or operations.
Create a free account to see more recent Airlines stories and keep bookmarks in one place.
