Fri, November 14, 2025 Published on Nov. 14, 2025 Published on 2025-11-14T12:27:03+07:00 tate asset fund Danantara Indonesia expects PT Garuda Indonesia to become profitable again in 2026, citing a ...

[JAKARTA] Indonesia’s sovereign wealth fund Danantara is reducing its financial support for flag carrier Garuda Indonesia, putting in doubt the distressed airline’s ability to refresh its fleet.

TEMPO.CO, Jakarta - Deputy Director of Garuda Indonesia Thomas Oentoro said that there are five contingencies in the notes on the company's financial report on June 30, 2025. All five contingencies ...

TEMPO.CO, Jakarta – National flag carrier Garuda Indonesia (GIAA), recorded a net loss of US$180.7 million or Rp3 trillion (at an exchange rate of Rp16,654 per US Dollar) in the third quarter of 2025.

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SINGAPORE—Garuda Indonesia has appointed Glenny Kairupan as its new CEO. Glenny is the second person to hold the position in less than a year. He replaces Wamildan Tsani Panjaitan, who assumed the ...

Garuda Indonesia is seeking as much as $1.4 billion capital injection from the country’s sovereign wealth fund, Danantara Indonesia, to support the turnaround of the cash-strapped flag carrier. Under ...

BATURAJA, Indonesia – For the first time in the history of Super Garuda Shield, U.S. Soldiers from the 11th Airborne Division fired FIM-92 Stinger missiles in Indonesia during a live-fire exercise, ...

PT Garuda Indonesia is in talks to buy scores of Boeing Co. aircraft as the distressed flag carrier seeks to expand its international network, its CEO said. The airline is discussing buying between 50 ...

Flag carrier Garuda Indonesia has received a shareholder loan of $405 million from Indonesian sovereign wealth fund Danantara, via its subsidiary Danantara Asset Management. The funds are expected to ...