[JAKARTA] Indonesian sovereign wealth fund Danantara will extend a US$405 million loan to Garuda Indonesia to help the distressed flag carrier turn around finances and expand its fleet in the coming ...

JAKARTA -- The Indonesian government has put together a plan to bring together nine state-run companies, including flag air carrier Garuda Indonesia, low-cost airline Citilink and companies that ...

Garuda Indonesia is proposing that holders of its $500 million Islamic bonds switch parts of the debt to equity, take a haircut and extend the tenure to 10 years, as part of the airline's debt ...

Garuda Indonesia received a 6.65 trillion rupiah ($408 million) loan from the country’s sovereign wealth fund, Danantara Indonesia, to help support the turnaround of the cash-strapped flag carrier.

[JAKARTA] Garuda Indonesia is in talks with the country’s sovereign wealth fund Danantara about an injection of around US$500 million, according to sources familiar with the matter, as the struggling ...

JAKARTA, Oct 10 (Reuters) - Flag carrier Garuda Indonesia (GIAA.JK), opens new tab said on Tuesday it has completed a test flight using a palm oil-blended jet fuel on a Boeing 737-800NG aircraft ...

Analysts say Garuda Indonesia may need at least $1.3 billion to $3 billion in fresh capital to survive. But with the government, its largest shareholder, reluctant to stump up the money, ...

Emirsyah Satar, who ran Garuda from 2005 to 2014, had procured Bombardier’s CRJ and ATR 72 jets without proper procedures and board approval.