Garuda Indonesia Secures $405M Sovereign Wealth Boost

garuda planes on the tarmac
Credit: Jorgen Udvang/Alamy Stock Photo
Flag carrier Garuda Indonesia has received a shareholder loan of $405 million from Indonesian sovereign wealth fund Danantara, via its subsidiary Danantara Asset Management. The funds are expected to support the flag carrier’s operations, including maintenance and repair activities. Danantara COO...
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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