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
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