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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 Loans $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.

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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