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Garuda Indonesia pilots demand management overhaul

23 Jan 2018 20:13:42

asia.nikkei.com

Flag carrier Garuda Indonesia on Tuesday said it was targeting $8.7 million in net income this year, in an attempt to shrug off concerns over internal problems after pilots called for an overhaul of its management.


The state-owned airline has yet to report its full-year 2017 results, but booked a $222 million net loss for the January-September period. According to internal sources, questionable management decisions have helped deepen the losses. In one account, several flights were delayed during the peak year-end holiday season due to a system upgrade. Aggressive cost-cutting measures have also been largely unpopular within the company.


The pilots' union issued a statement on Tuesday demanding a reduction in the number of directors, from nine to six, as well as the appointment of directors that are "professional" and "come from within Garuda Indonesia" ;. Its current President Pahala Mansury, formerly a finance and treasury director at state lender Bank Mandiri, was among a string of executives who were appointed last year from outside the industry.


Read full story: asia.nikkei.com

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