Garuda to delay aircraft deliveries

Garuda Indonesia intends to delay the delivery of new aircraft in a bid to ease financial pressure brought on by worsening losses. Amid losses totalling $211 million for the first half of 2014, Garuda CEO Emirsyah Satar also stated that the airline is also considering mothballing some of its older and` less fuel-efficient aircraft as part of cost-cutting measures. Satar said: “In 2014, Garuda ordered 27 new aircraft to support its network. In 2013 we brought in 24 new aircraft and in 2012 we had a total of 22 new aircraft. These aircraft were bought to expand our flight networks,