Distressed Indonesian Airline to Tap State Fund for $1.4 Billion

BloombergTuesday, October 7, 2025 at 6:20:22 AM
Distressed Indonesian Airline to Tap State Fund for $1.4 Billion
PT Garuda Indonesia is set to secure up to $1.44 billion from the nation's sovereign wealth fund, a move aimed at stabilizing the financially troubled airline. This funding is crucial as it will help the state-owned carrier strengthen its financial position and potentially improve its services, benefiting both the airline and its passengers.
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