Garuda Indonesia is set to receive a substantial $405 million shareholder loan from Danantara Asset Management, Indonesia’s sovereign wealth fund, in a significant move aimed at bolstering the national carrier’s financial stability and operational recovery. This funding is part of a wider $1 billion support package intended to ensure the airline’s long-term viability.
Allegiant Travel Company, the parent of Allegiant Air, has entered into a new credit facility agreement valued at up to $144 million, secured by the delivery of Boeing 737 MAX aircraft. The arrangement was made through one of the group’s wholly owned subsidiaries and is designed to provide financial flexibility to support fleet expansion and capital structure optimization.
Madagascar Airlines is actively seeking financial support from the World Bank to facilitate its growth strategy, which includes expanding its fleet to seven aircraft by 2027. The move underlines the airline’s intent to improve its connectivity and service capacity across both domestic and regional markets.
Garuda Indonesia is set to receive a financial boost through a capital injection from Danantara Indonesia, aimed at strengthening its working capital and contributing to the development of the tourism sector in Indonesia. This move comes as part of broader efforts to ensure the airline’s continued operational stability and to support national economic priorities tied to tourism and connectivity.
