Danantara Injects US$1.4 Billion Capital into Garuda Indonesia

Tempo2025-11-08

TEMPO.CO, Jakarta - Garuda Indonesia announced it expects to return to a positive equity position following a major capital injection of US$1.4 billion (Rp23.6 trillion), which will be finalized at an...

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The Citilink allocation includes Rp11.2 trillion for working capital and Rp3.7 trillion for fuel debt payments.The capital increase will be formalized at the upcoming EGMS, a move seen as vital to prevent Garuda’s potential delisting from the Indonesia Stock Exchange.Without the injection, the airline was projected to remain in negative equity through November 2025, limiting its access to financing.The company continues to face pressure from rising maintenance costs and fleet restoration efforts, both of which have weighed on its financial performance.As of the third quarter of 2025, Garuda Indonesia recorded a net loss of US$180.7 million (Rp3 trillion), narrowing from US$129.6 million (Rp2.1 trillion) in the same period last year. Its operating income reached US$2.3 billion (Rp38.3 trillion), down from Rp41.6 trillion a year earlier.Revenue from scheduled flights contributed US$1.8 billion (Rp29.9 trillion), followed by charter services (US$299.5 million) and other income (US$245.8 million).Garuda’s operating expenses totaled US$2.2 billion, slightly lower than US$2.3 billion in the same period last year. As of September 30, 2025, the airline held total assets of US$6.7 billion, liabilities of US$8.2 billion, and negative equity of US$1.5 billion.Editor’s Choice: Danantara Indonesia to Invest Rp20 Trillion in Chicken Farms to Support the Free Meal ProgramClick here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2581060857","isCrawlerRequest":true}