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Garuda Turns to Share Sale as Fuel Eats Into $1.4 Billion Rescue

Bloomberg Markets Thursday 01 October 2026, 03:18 UTC By Harry Suhartono and Norman Harsono 1 min read
Key Points

Flag carrier PT Garuda Indonesia’s finances deteriorated further just months after a $1.4 billion rescue by sovereign wealth fund Danantara, as surging fuel costs wiped out its remaining equity and added urgency to another share sale to shore up its finances.

Flag carrier PT Garuda Indonesia’s finances deteriorated further just months after a $1.4 billion rescue by sovereign wealth fund Danantara, as surging fuel costs wiped out its remaining equity and added urgency to another share sale to shore up its finances.
Garuda Turns to Share Sale (ORG) PT (ORG) Garuda (PERSON) Indonesia (LOCATION) Danantara (ORG)
Originally published by Bloomberg Markets Read original →

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