JAKARTA — Struggling flag carrier Garuda Indonesia plans to double its fleet of passenger planes by 2029 with backing from a sovereign wealth fund championed by President Prabowo Subianto.
Danantara sovereign fund to help carrier add 121 planes, increase routes by 2029
Garuda Indonesia remained $3.8 billion in debt in 2024. (Photo by Konosuke Urata)
TOMOYOSHI OSHIKIRI and BOBBY NUGROHO
August 14, 2025 04:09 JST
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