Choosing Garuda Indonesia’s Fate
The polemic emerged in the country when discussions about the possibility of Pelita Air Service being prepared to replace Garuda Indonesia began getting hotter.
The grey sky increasingly envelopes Garuda Indonesia as 2021 draws to an end. It means that it is not just cloudy, but stormy. The mounting debt of Rp 70 trillion (US$4.86 billion) has brought this state-owned airline to the brink of bankruptcy.
The pandemic has caused companies across various sectors and sizes to die. The global community encounters bankruptcy and they mostly can understand it. However, this premise often does not apply when bankruptcy approaches a flag carrier.