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Garuda Seeks $1.4 Billion Cash From Danantara As Tycoon Chairul Tanjung Cuts Stake

Summary by Forbes
Garuda has grappled with its burgeoning debts for years and intense competition from bigger rival Lion Air. Its net loss widened to $144 million in the first half of 2025.

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Garuda Seeks $1.4 Billion Cash From Danantara As Tycoon Chairul Tanjung Cuts Stake

Garuda has grappled with its burgeoning debts for years and intense competition from bigger rival Lion Air. Its net loss widened to $144 million in the first half of 2025.

·United States
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Business TimesBusiness Times

Distressed Garuda to tap Indonesian state fund for US$1.4 billion

Garuda Indonesia expects to raise as much as US$1.44 billion in cash from the nation’s sovereign wealth fund to put the distressed state-owned carrier on firmer financial footing.

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Business Times broke the news in on Tuesday, October 7, 2025.
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