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Business deals

Garuda lifts market share by taking controls at smaller airline

Indonesian carrier's Sriwijaya deal marks first big move under new CEO

The accounting error relates to the carrier's contract with Mahata Aero Teknologi, a local company, under which a Wi-Fi connection service will be made available on all Garuda planes.   © Reuters

JAKARTA -- Airline Garuda Indonesia will assume management of compatriot Sriwijaya Group, a move that gives Indonesia's flag carrier nearly a majority of the domestic aviation market and narrows the lead of embattled rival Lion group.

Garuda's low-cost carrier Citilink Indonesia will take over operations at Sriwijaya Air and Nam Air, both airlines under the Sriwijaya Group. Garuda group personnel will replace senior management at Sriwijaya and Nam, a spokesperson from the flag carrier said.

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