Garuda Indonesia to be put under tourism holdco Penas

As part of efforts to drive efficiency into Indonesia’s state-owned enterprises (SOEs) while specifically attempting to boost its aviation and tourism sectors, President Joko Widodo has approved a plan to put seven such enterprises, including flag carrier Garuda Indonesia (GA, Jakarta Soekarno-Hatta) and their subsidiaries, under a new holding entity, local media reported. Under the plan, Survai Udara Penas (PNS, Jakarta Halim), a hitherto dormant fully state-owned operator whose AOC was revoked in 2015,...
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