Indonesia's Garuda removes directors to save costs amid debt restructuring

JAKARTA, Aug 14 (Bloomberg): Flag carrier PT Garuda Indonesia has shrunk its management to reduce costs as the airline restructures its way out of a pandemic-driven financial crunch.

Garuda now has only six directors, removing the position of vice president director and merging services and business development director with commercial and cargo director, President Director Irfan Setiaputra said in a press conference after an annual shareholders’ meeting on Friday.