Garuda (GIAA) Secures $405 Million from Danantara to Avert Delisting and Restore Equity

Garuda (GIAA) Secures $405 Million from Danantara to Avert Delisting and Restore Equity

Garuda receives $405 million from Danantara to recover from negative equity, improve operations, and avoid potential stock delisting.

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Kamis, 26 Juni 2025 | 04:30

Bisnis.com, JAKARTA — State-owned airline PT Garuda Indonesia (GIAA) has received a $405 million (approximately IDR 6.65 trillion) injection from Indonesia’s sovereign wealth fund Danantara after the airliner long struggled to bounce back from the red.

Garuda Indonesia reached out to Danantara back on May 21, and the latter then responded with the fresh funds on Tuesday (24/6) as the initial part of a broader financing package aimed to reach $1 billion.

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