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Search result with “Garuda Indonesia Restructuring” as a keyword founded 24 news.

Garuda Indonesia Names Thomas Oentoro as New CEO

Jakarta. Garuda Indonesia(IDX: GIAA) shareholders have appointed ... supporting the airline’s restructuring and fleet recovery. Read More: Garuda’s $1.4 Billion Rescue ... TAP Air Portugal. Read More: Garuda Indonesia Offers Free Domestic Flights for ...
Business Oct 8, 2026 | 7:05 pm

Garuda’s $1.4 Billion Rescue Fails to Keep Equity in the Black

... support the airline’s restructuring and fleet recovery. Garuda’s revenue nevertheless rose ... trading Thursday Read More: Reviving Garuda Indonesia Takes Time After Danantara’s $1.3 ... Danantara capital injection and debt restructuring. The airline had 104 ...
Business Oct 1, 2026 | 9:31 am

Garuda Boosts Fleet While Citilink Shrinks Ahead of Pelita Air Integration

... on Tuesday. Read More: Reviving Garuda Indonesia Takes Time After Danantara’s $1.3 Billion ... Pelita Air integration and a broader restructuring of the group’s airline brands ... said. “Prioritizing Garuda could be part of a larger restructuring process, with ...
Business Aug 11, 2026 | 11:47 am

Pelita Air to Join Garuda-Led Holding Company, Not Merge

... holding company for Indonesia's state-owned airlines, with Garuda Indonesia serving as ... restructuring, Danantara plans to improve service standards across the Garuda Indonesia ... market. Read More: Reviving Garuda Indonesia Takes Time After Danantara’s $1.3 ...
Business Jul 24, 2026 | 3:40 pm

InJourney to Become Indonesia's Second-Largest Hotel Operator Under Danantara Plan

... and accelerate the restructuring of state assets ... hospitality business centered on Indonesia's tourism strengths. “Through ... 't Plans Merger of Garuda Indonesia and Pelita Air into ... Adhi Karya, ASDP Indonesia Ferry, Garuda Indonesia, Hutama Karya, Krakatau ...
Business Jun 28, 2026 | 11:35 pm

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 Recovery
Business 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 Billion
Business 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 Indonesia
Business 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