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Air France is set to approve the purchase of 50 to 70 new Airbus planes, French newspaper Journal du Dimanche reports, in a boon for manufacturer. CE Ben Smith, who took the reins of Air France-KLM last year, will outline his plans for updating the airline’s fleet Wednesday when the company announces its first-half results, JDD said without saying how it obtained the information. The order of A220 planes, the first by Air France in years, is set to be approved by the board July 30. After disappointing results for its A380 jet, Airbus has already received major orders from Delta and JetBlue for the leaner A220 model, which it acquired in a deal with Canada’s Bombardier in 2017. <br/>

Garuda Indonesia has released its restated financial results for 2018, adjusting the slender net profit in its initial report to a substantial loss. The restated results reveal a net loss of US$175m for 2018. The carrier had previously reported a profit of $5m for the same period. Garuda recorded a net loss of $213.4m for 2017. After the 2018 results were first released, Indonesian regulators compelled Garuda to revise and refile its results because of errors in the classification of income related to a contract to provide on-board Wi-Fi services on its aircraft. While the restatement did not affect operating income, other income was reduced from $279m to $39m. This also caused changes in other reporting categories. Garuda said that despite the 2018 loss, the airline’s finances are trending in the right direction. <br/>