Garuda Turns to Share Sale as Fuel Eats Into $1.4 Billion Rescue
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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 …
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01.10.2026 05:18 — Bloomberg. Further confirmed developments will be added as they become available.
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