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.
Transportation
Struggling airline Garuda to double fleet with Indonesia's state backing
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)
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