Indonesian sovereign wealth fund Danantara’s growing momentum in state-firm restructuring is putting fresh focus on its $1.4 billion bet on PT Garuda Indonesia, a key test of its ability to revive ...

NEW DELHI: India and France will on Sunday kick off the 'Garuda' air combat exercise at Mont-de-Marsan to enhance military interoperability and coordination and boost the strategic partnership between ...

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 ...

[JAKARTA] State airline Garuda Indonesia on Wednesday (Oct 15) appointed a new chief executive officer, retired military official Glenny Kairupan, its corporate secretary Cahyadi Indrananto said. No ...

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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 ...

TEMPO.CO, Jakarta - National flag carrier PT Garuda Indonesia has reported a loss of US$142.8 million, or approximately Rp2.3 trillion, for the first semester of 2025. This figure represents an ...

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 ...