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Indonesia to merge Garuda and tourism companies

Government aims for efficiency with airlines and others under one roof

Garuda Indonesia lost $723 million in the first half of 2020 as the novel coronavirus sapped demand for air travel.   © Reuters

JAKARTA -- The Indonesian government has put together a plan to bring together nine state-run companies, including flag air carrier Garuda Indonesia, low-cost airline Citilink and companies that run major tourism sites, under a holding company

The hope is that this will allow the companies to eliminate unnecessary costs and work together on initiatives such as discount travel packages. The move may also make it easier to direct public funds to Garuda, which fell into the red in the first six months of this year.

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