Garuda Indonesia trapped in a relentless financial tailspin

The scene inside Garuda Indonesia’s hangars at the end of 2025 was one of stark contradiction. On paper, the airline has just secured a massive capital injection of 23.7 trillion rupiah (roughly US$1.4 billion) from Danantara, the state investment vehicle. In reality, however, the company’s financial condition continues to deteriorate. Net losses have surged 4.5 […] The post Garuda Indonesia trapped in a relentless financial tailspin appeared first on Asia Times .

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