Indonesian airline Garuda in partnership talks with Go-Jek

JAKARTA (Reuters) – Indonesia’s national carrier Garuda and Go-Jek are in talks for a partnership that will make it easier for the ride-hailing and e-commerce app to move goods to customers within the 17,000 islands of the sprawling Southeast Asian archipelago. Go-Jek, which is valued at between $9 billion and $10 billion according to sources, declined to comment. Go-Jek recently raised over $1 billion in a funding round as it challenges Singapore-based rival Grab for a larger share of the region, sources told Reuters. The Go-Jek proposal is one of several being explored by Garuda to cut its dependence on passenger traffic as the airline tries to grow its profits after a bumpy 2018. Garuda chief executive Ari Askhara told Reuters the talks are in an advanced stage and an agreement is expected to be finalised by the two companies in the next few months.

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