Danantara Targets All Garuda-Citilink Aircraft That Are Grounded Again Next Year

Garuda Indonesia (Photo: dock. Antara)

JAKARTA - The Danantara Investment Management Agency (BPI) targets aircraft belonging to PT Garuda Indonesia (Persero) Tbk and its subsidiary, Citilink Indonesia, which are not yet fit to fly because they have temporarily stopped or were grounded, to resume operations next year.

Managing Director of the Danantara Operations Holding, Febriany Eddy, said that dozens of Garuda Indonesia and Citilink Indonesia aircraft were grounded. This condition, he said, puts great pressure on the company's finances.

"If the plane is grounded, on airlines it is double hit. Because it is grounded, it has no revenue, no income, because it cannot fly," he said at Wisma Danantara, Jakarta, Friday, November 14.

To speed up recovery, Danantara has poured large additional capital into Garuda Indonesia. In June 2025, the company injected IDR 6.65 trillion in the form of a shareholder loan. Then, Danantara again increased capital support of IDR 23.67 trillion through the PMTHMETD scheme.

From the numbers we put in Garuda yesterday, most of them are for maintenance, maintenance. Because Garuda currently has a lot of landed aircraft, cannot fly, because they have not carried out the necessary maintenance," he said.

With ongoing maintenance, Danantara has set a target so that all landed aircraft belonging to Garuda and Citilink can return to service gradually next year.

"Our target is that next year all planes that are grounded by aircraft, all of them can fly. Of course this is gradual," said Febriany.

Febriany said, the longer the aircraft is left unoperating, the heavier the financial burden that must be borne by the airline.

The reactivation of the fleet will be accompanied by a restructuring of the route, ensuring that the re-operating aircraft are placed on strategic routes that have great demand and strengthen national connectivity.

For your information, until the third quarter of 2025, Garuda Indonesia recorded a loss of 182.53 million US dollars or around Rp. 3.03 trillion (assuming an exchange rate of Rp. 16,650 per US dollar), an increase of 39.3 percent compared to the same period last year which lost 131.22 million US dollars or around Rp. 2.18 trillion.