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SWF: Indonesia’s Danantara to Lend $405 Million to “Distressed” Garuda, Bloomberg

According to Bloomberg, “Shares of Garuda closed 9.4% higher, lifting year-to-date gains to 27%.”

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Indonesia’s Danantara Lends $405 Million to Flag Carrier Garuda

From Bloomberg By Chandra Asmara and Norman Harsono, June 24, 2025

A PT Garuda Indonesia aircraft inside a hangar at Soekarno-Hatta International Airport in Cengkareng, Indonesia.Photographer: Dimas Ardian/Bloomberg

Indonesian sovereign wealth fund Danantara will extend a $405 million loan to PT Garuda Indonesia to help the distressed flag carrier turn around finances and expand its fleet in the coming years. Read the full story.

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One response to “SWF: Indonesia’s Danantara to Lend $405 Million to “Distressed” Garuda, Bloomberg”

  1. Defense: The Military’s Growing Role: Is Prabowo Carrying Out an Autogolpe? From Project Multatuli – Stories From Indonesia Avatar
    Defense: The Military’s Growing Role: Is Prabowo Carrying Out an Autogolpe? From Project Multatuli – Stories From Indonesia

    […] wealth of natural resources leaves it perpetually vulnerable to foreign predation—and he outlines a sovereign wealth fund, now realized as Danantara, as a bulwark against external exploitation.All these maneuvers by the Prabowo administration […]

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