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

Bloomberg1 October 2026, 03:18 UTCIndonesia

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.

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