[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 ...

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.

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

JAKARTA - A jetliner taking 468 people from Indonesia to Saudi Arabia made an emergency landing on May 15 due to an engine fire, the Garuda Indonesia airline said, in the latest incident in the ...

[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 ...