Airline Garuda Indonesia will receive a $1.4 billion capital injection from the asset management unit of sovereign wealth ...

Garuda Indonesia's subsidiary, Citilink, will receive Rp14.9 trillion of the total capital injection from Danantara amounting ...

JAKARTA] Indonesia’s sovereign wealth fund Danantara is reducing its financial support for flag carrier Garuda Indonesia, putting in doubt the distressed airline’s ability to refresh its fleet. Read ...

Garuda Indonesia will use the capital injection from Danantara for its working capital needs, such as aircraft maintenance ...

The plan includes 63 percent of the proceeds going to the airliner's low-cost subsidiary Citilink to strengthen its cash flow ...

An artist’s conception shows a Garuda Airlines 737 MAX jet in flight. (Boeing Illustration) Indonesia’s national airline, Garuda Indonesia, is saying it wants to cancel an order for 49 Boeing 737 MAX ...

Indonesia's flag carrier Garuda has sought to cancel a multibillion dollar order for 49 of the manufacturer's 737 Max 8 jets, citing a loss of passenger confidence in the model after two fatal crashes ...

The aviation industry’s most prestigious awards have been announced, revealing which airlines consistently deliver ...