Garuda Indonesia, Citilink and Pelita Air merger proposals

The Indonesian Government has released a proposal to merge three state-owned carriers Garuda Indonesia, Citilink, and Pelita Air to reduce costs and streamline operations. The announcement for the merger was made by Indonesia’s Minister for State-Owned Enterprises (SOEs) Erick Thohir and reported in The Jakarta Post. If the merger process goes through, Garuda Indonesia would merge with its low-cost subsidiary Citilink and Pelita Air. “SOEs need to keep bringing down costs. Pelindo has been merged from four companies into one […] We are also pushing for Pelita Air, Citilink and Garuda Indonesia [to do the same] to bring down costs