SEARCH
Search result with “Garuda Indonesia Restructuring” as a keyword founded 19 news.
Reviving Garuda Indonesia Takes Time After Danantara’s $1.3 Billion Injection
... Danantara took over the company’s restructuring by injecting Rp 23.6 ... GMFI’s majority shareholder. Since then, Garuda Indonesia’s financial performance -- slowly but surely ... million previously. Dony stated that Garuda Indonesia could have posted a profit ...Business Jun 17, 2026 | 10:25 am
Pertamina Unit Merger Generates Up to $700 Million in Savings, Danantara Says
... costs and operational inefficiencies, Danantara Indonesia Chief Operating Officer Dony Oskaria ... merger. According to Dony, the restructuring has eliminated a range of internal ... said in Jakarta. Read More: Garuda, Citilink, Pelita Air Merger Targeted ...Business Jun 12, 2026 | 1:04 am
Garuda Indonesia Cuts Q1 Loss by 45% as Passenger Traffic Rises
... the carrier continued its post-restructuring recovery. Garuda booked a net loss of ... rebuilding process to ensure the Garuda Indonesia Group can grow on healthier ... Cuts Planned Capital Injection for Garuda Indonesia to $1.4 Billion The company’s current ...Business May 15, 2026 | 12:27 pm
Garuda Shows Early Recovery Signs After State Backing, Says Danantara
... Wealth Fund Danantara said Garuda Indonesia has begun to show ... financial pressures reflected in Garuda’s 2025 results largely predated ... the first quarter of 2026. Garuda Indonesia, however, still booked a ... $1.4 Billion to Support Garuda Indonesia’s RecoveryBusiness Mar 30, 2026 | 2:01 pm
Danantara Injects $1.4 Billion to Support Garuda Indonesia’s Recovery
Jakarta. Garuda Indonesia has secured a Rp 23 ... percent, will be allocated to Garuda Indonesia’s working capital needs, mainly ... its two core pillars Garuda Indonesia and Citilink to stay ... Planned Capital Injection for Garuda Indonesia to $1.4 BillionBusiness Nov 14, 2025 | 11:17 am
Danantara Cuts Planned Capital Injection for Garuda Indonesia to $1.4 Billion
... capital injection into flag carrier Garuda Indonesia to $1.43 billion, about $400 ... investment forms part of Garuda’s ongoing financial restructuring, with Danantara set to ... , established earlier this year as Indonesia’s sovereign wealth vehicle, has also ...Business Nov 11, 2025 | 8:49 pm
Garuda Unit GMF Plans $340M Rights Issue, API to Join as Major Shareholder
... as part of Garuda Indonesia Group’s ongoing financial restructuring, aiming to ... value of Rp 25 each. Garuda Indonesia (GIAA), the parent company ... Garuda Indonesia’s ownership will decline. “In line with Garuda Indonesia Group’s financial restructuring ...Business Oct 23, 2025 | 3:54 pm
Danantara to Cut SOEs to Just 300 Firms
... the HIPMI–Danantara Indonesia Business Forum in Jakarta. Indonesia currently has around ... enable a faster and more coordinated restructuring of SOEs. “As we consolidate ... oil giant Pertamina, into the Garuda Indonesia Group, the country’s national airline ...Business Oct 20, 2025 | 5:01 pm
Prabowo Ally Glenny Kairupan Appointed as Garuda Indonesia CEO
Jakarta. Indonesia’s national airline Garuda Indonesia on Wednesday appointed Glenny H. ... a period marked by post-pandemic restructuring and financial recovery initiatives. Read ... of Finance and Risk Management. Garuda Indonesia’s New Board Composition Board ...Business Oct 15, 2025 | 7:37 pm
Danantara Pours $1.84 Billion into Garuda to Stabilize Airline
... 30.5 trillion) into national carrier Garuda Indonesia (GIAA) through a combination of ... finances and strengthen operations. Garuda stated that Danantara will ... at Citilink. The prior restructuring did not fully cover all ... Merge Pelita Air with Garuda IndonesiaBusiness Oct 8, 2025 | 2:26 pm
Danantara, Boeing Discuss Aircraft Deal
... of aircraft units for Garuda Indonesia’s operations. Indonesia has committed to boosting ... higher passenger and cargo volumes. Garuda Indonesia Group carried 5.12 million ... restructuring commitments, continued to weigh on its bottom line. Read More: Garuda ...Business Sep 24, 2025 | 3:11 pm
Donny Oskaria Becomes Acting SOE Minister as Gov't Mulls Merging Ministry with Danantara
... PLN, and flag carrier Garuda Indonesia. “With this appointment, ... Under Erick’s leadership, Indonesia’s SOEs posted stronger financial ... also pursued an aggressive restructuring of the SOE portfolio ... advancing plans to merge Garuda Indonesia with Pelita Air, a ...News Sep 19, 2025 | 7:00 pm
Pertamina to Spin Off Non-Core Subsidiaries, Including Pelita Air
... be integrated with flag carrier Garuda Indonesia, he said. Pelita Air, originally ... itself as a rising competitor to Garuda Indonesia and its budget arm, Citilink ... Merger of Garuda Indonesia and Pelita Air into InJourney The restructuring is being ...Business Sep 11, 2025 | 9:28 pm
Garuda in Talks to Buy 50 Boeing Jets Under US Tariff Deal
... . How Much Could the Garuda-Boeing Deal Cost? Garuda Indonesia’s planned purchase of ... higher passenger and cargo volumes. Garuda Indonesia Group carried a total of 5.12 ... , largely tied to long-term restructuring commitments, continued to weigh on ...Business Jul 22, 2025 | 10:00 am
Garuda Indonesia to Expand Fleet, Routes as Shareholders Approve Restructuring
... , which focused on managing debt, restructuring its fleet composition, and controlling ... long-term transformation. Operational Performance Garuda Indonesia reported continued financial improvement in ...Business Jul 1, 2025 | 11:13 am
Garuda Indonesia Targets 120 Aircraft by 2030 Following $407M Capital Boost
... National flag carrier Garuda Indonesia aims to expand ... Indonesia’s sovereign wealth fund, Danantara Indonesia, the company announced Tuesday. Garuda ... transparency and accountability. Garuda operated 144 aircraft ... following a major debt restructuring in 2022. As ...Business Jun 24, 2025 | 9:31 pm
Garuda Indonesia's Revenue Soars by 40 Percent to $2.94 Billion in 2023
... implementing various improvement measures, Garuda Indonesia successfully recorded a current ... and ensuring sustainable profitability," Garuda Indonesia's President Director, Irfan ... late 2021, Garuda Indonesia has been working on restructuring its debt. ...Business Apr 1, 2024 | 3:18 pm
Garuda Indonesia's Shares Soar After Paris Court Backs GIHF
... in favor of its subsidiary, Garuda Indonesia Holiday France SAS (GIHF), ... June 2022, Garuda Indonesia successfully obtained approval for a debt restructuring process at the ... ,000 euros to GIHF," said Garuda Indonesia's Director of Operations, Tumpal M ...Business Feb 27, 2024 | 11:13 am
Garuda Details Rp 5T Spending after December Rights Issue
... Jakarta. National flag carrier Garuda Indonesia (GIAA) revealed on Tuesday ... in costs. According to Garuda's CEO, Irfan Setiaputra, the ... Rp 370 billion for a restructuring program, and Rp 275.88 ... the Saudi government increased Indonesia's pilgrimage quota to pre ...Business Jul 19, 2023 | 1:38 am
Most Popular
1
Chinese-Owned Steel Mill Generated $557 Million in Sales but Paid Less Than $1.1 Million in Taxes: Purbaya
2
Purbaya Conducts Surprise Inspection at Chinese Steel Company in Jakarta
3
China, Indonesia Are ‘Very Open’ After Investors' Complaints
4
Jokowi Launches Nationwide Political Tour Wearing Son’s PSI Party Uniform
5
Historic Night for South Africa as Maseko Sinks South Korea