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.
