Garuda Indonesia To Receive $1.4B Injection From Sovereign Wealth Fund

Chen Chuanren October 08, 2025
Citilink A320
Credit: Rob Finlayson
SINGAPORE—Garuda Indonesia is set to receive a $1.4 billion cash injection from sovereign wealth fund Danantara Asset Management with the flag carrier's subsidiary Citilink set to benefit. The indebted airline has also secured an agreement with Danantara to convert a $405 million loan into...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

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