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Danantara’s Fresh Funds to Revive Garuda Indonesia

Monday, December 1, 2025

Danantara’s fresh capital arrives. A long and complex restructuring still lies ahead.

arsip tempo : 177308337924.

Garuda Indonesia, Citilink, and Pelita Air aircraft at Terminal 3 of Soekarno–Hatta Airport, Tangerang, Banten, September 22, 2023. Doc. Tempo/M Taufan Rengganis. tempo : 177308337924.

TWENTY Garuda Indonesia aircraft sat idle inside a hangar at Soekarno-Hatta International Airport in Tangerang, Banten, in October 2025. The state-owned airline was operating only 58 of the 78 planes under its management. Citilink, its subsidiary, was in a similar position, flying only half of the 64 aircraft it manages. Severe financial strain has sharply limited the company’s ability to restore grounded planes.

But a new chapter for

...

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Caesar Akbar

Faiz Zaki contributed to the writing of this article. 

Garuda Indonesia Citilink Airlines state owned enterprises ministry Danantara SOE holding SOE merger SOE restructuring
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