Garuda's losses

Garuda's losses

From Neraca

Neraca of Aug. 31, 1995, reported that Garuda suffered losses of US$44 million (Rp 90 billion) during the period between January and April 1995, despite the profit gained through handling the haj transportation this year.

The losses were caused by, among other things, inefficiency in the procurement of spare parts. It is believed that some Garuda officials were involved in corrupt practices.

We are very concerned over the condition of our national airline which is supposed to add to the state's coffers. In fact Garuda, as a state-owned company, has had a lot of experience in managing air transportation, so that it should know how to avoid heavy losses.

In this era of heavy competitiveness, Garuda should work hard to improve its performance.

SOELAIMAN S.

Jakarta