Garuda Indonesia (GA, Jakarta Soekarno-Hatta) is in talks with Indonesian sovereign wealth fund Danantara about a capital injection, according to Bloomberg. Despite concluding a debt restructuring process in late 2022, state-owned Garuda is struggling with grounded aircraft and a balance sheet revealing it has about USD1.4 billion more in debt than assets.

The news outlet notes that talks are in the early stages and may not result in a deal. Initial discussions are reportedly focusing on how much cash Garuda Indonesia…

Source: ch aviation
Read more: Garuda Indonesia talking to sovereign wealth fund – report