Pertamina: Merger between Pelita Air Service and Garuda going ahead
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Background ✨
Garuda Indonesia previously disclosed it was in early-stage discussions regarding a potential merger with Pelita Air Service to strengthen the national aviation ecosystem, in coordination with the Ministry of State-Owned Enterprises1. Ongoing capital support from Danantara Asset Management, including a USD405 million loan and a planned USD1.44 billion private placement, has also been central to Garuda's broader restructuring and optimisation efforts in recent months2 3.