JAKARTA (XFNews) - The government plans to sell PT Garuda Indonesia to strategic investors in order to boost the national airline's competitiveness and as interest among investors is high, Kompas reported citing State Minister for State Enterprises Sugiharto.
"It's best to start in 2006 as many investors are interested," he said.
Garuda is struggling to stay afloat amid rising fuel costs, tighter competition and debt repayments amounting to some 100 mln usd a year.
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