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 – 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.

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 ...

Three mechanical engineering students from Surat have engineered Garuda, an AI-enabled electric superbike prototype, with half of its components sourced from scrap materials. Powered by a Raspberry Pi ...

A US$3.2 billion plan by Indonesia’s flag carrier to buy 50 Boeing aircraft has drawn scrutiny over whether the order is a genuine business decision or a political trade-off linked to Washington’s ...

[JAKARTA] Garuda is paying twice as much to lease its latest Boeing 737 Max jet than it does for the older 737 planes in its fleet, another potential blow to its finances as it tries to return to ...

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 ...

Garuda Indonesia could be preparing for its biggest fleet shake-up in years. CEO Wamildan Tsani Panjaitan told reporters the airline is in talks with Boeing (NYSE:BA) to purchase between 50 and 75 ...

Kamlesh Paswan, Union Minister of State for Rural Development, inaugurated the facility and also launched 300 Centres of Excellence (CoE) and flagged off Garuda Aerospace’s DGCA approved Train the ...