Pelita Air to Join Garuda Indonesia Group Under Danantara Plan

11 hours ago 21
A Garuda Indonesia aircraft is parked at Terminal 3 Ultimate of Soekarno-Hatta International Airport in Tangerang, Banten, on May 4, 2025. The national flag carrier, PT Garuda Indonesia Tbk. (GIAA), posted a net loss attributable to owners of the parent entity of US$76.48 million or Rp1.26 trillion (based on an exchange rate of Rp16,603 per US dollar) in the first quarter of 2025. Tempo/Tony Hartawan.

TEMPO.CO, Jakarta - Indonesia's sovereign wealth management agency Danantara, together with the State-Owned Enterprises Agency (BP BUMN), is pushing for the consolidation of state-owned airlines by merging Pelita Air with Garuda Indonesia to strengthen the country's aviation industry.


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