November 27, 2025 | 09:11 pm
TEMPO.CO, Jakarta - Deputy President Director of PT Garuda Indonesia Tbk (GIAA) Thomas Sugiarto Oentoro said dozens of the carrier's aircraft remain grounded, both from Citilink and Garuda.
"There are approximately 34 aircraft that are still grounded," he said during a virtual public presentation on Thursday, November 27, 2025.
Garuda Indonesia currently operates 58 aircraft out of a total fleet of 72, while Citilink operates 31 out of 56.
Thomas also mentioned that the management of Garuda Indonesia is currently discussing a business merger plan with Pertamina's airline Pelita Air. He stated that Garuda and the sovereign wealth fund Danantara are still evaluating this process.
"We are conducting a study and reviewing several options. I cannot provide detailed information because this is what we are currently working on," he said.
On Wednesday, November 12, 2025, Garuda received a capital injection of Rp23.67 trillion from PT Danantara Asset Management (DAM). This decision was approved at the Extraordinary General Meeting of Shareholders (EGMS) held at the Auditorium of the Garuda Indonesia Management Building in Tangerang on Wednesday, November 12, 2025.
Of this capital, around Rp8.7 trillion (37 percent) will be used for Garuda Indonesia's working capital needs, such as aircraft maintenance and upkeep. Meanwhile, Rp14.9 trillion (63 percent) is allocated to support Citilink's operations, consisting of Rp11.2 trillion for working capital and Rp3.7 trillion for settling fuel purchase obligations to Pertamina for the period 2019-2021.
Nandito Putra contributed to the writing of this article
Editor’s Choice: Garuda Indonesia: Citilink Receives Rp14.9 Trillion from Danantara
Click here to get the latest news updates from Tempo on Google News
Garuda Indonesia to Hold Extraordinary General Meeting of Shareholders on December 23
11 hari lalu
Garuda Indonesia recently completed an Extraordinary General Meeting of Shareholders to approve a capital injection of Rp23.67 trillion from Danantara
Today's Top 3 News: Purbaya Talks of Whoosh Debt Burden Sharing Plan Between Gov't and Danantara
12 hari lalu
Here is the list of the top 3 news on Tempo English today.
Garuda Indonesia Pressed for Big Transformation Following Rp23.67tn Injection
12 hari lalu
Danantara is urging Garuda Indonesia to carry out a comprehensive overhaul following a capital injection of Rp23.67 trillion.
Danantara Aims for Garuda Indonesia's Full Fleet Operation by 2026
13 hari lalu
The Danantara Managing Director explained that the recent fund injection from Danantara into Garuda will be primarily allocated for maintenance.
Danantara Aims to Cut State-Owned Enterprises from Over 1,000 to 200
13 hari lalu
Danantara stated that the reduction is necessary due to the significant financial losses incurred by many SOEs.
Garuda Indonesia to Channel Half of Danantara's Capital Injection to Citilink
14 hari lalu
Garuda Indonesia's subsidiary, Citilink, will receive Rp14.9 trillion of the total capital injection from Danantara amounting to Rp23.67 trillion.
Garuda Indonesia Secures Rp23.67 Trillion Capital Injection from Danantara
14 hari lalu
Garuda Indonesia will use the capital injection from Danantara for its working capital needs, such as aircraft maintenance and upkeep.
Garuda Indonesia: Citilink Receives Rp14.9 Trillion from Danantara
17 hari lalu
Allocation of funds from Danantara to Citilink is greater than to Garuda Indonesia due to several reasons. What are they?
Today's Top 3 News: How Climate Change Is Putting Coffee and Cocoa Plants at Risk
18 hari lalu
Here is the list of the top 3 news on Tempo English today.
Garuda Indonesia Faces Business Disputes in Singapore and the US
18 hari lalu
WAKIL Direktur Garuda Indonesia Thomas Oentoro mengatakan ada lima kontijensi dalam catatan atas laporan keuangan perseroan pada 30 Juni 2025.
