Jakarta, hitclubapk3 Indonesia
—
PT
Garuda Indonesia
(Persero) Tbk began preparing a number of service improvements after receiving a capital injection of IDR 23.67 trillion from PT
Danantara
Asset Management (Persero).
Danantara Indonesia Chief Operating Officer (COO) Dony Oskaria said the injection was not just funding, but part of a comprehensive transformation that would take place in stages.
“I don’t just see it as an injection because if it’s an injection it’s as if we just give funds and then let it go. But this is our commitment, we want to carry out a transformation of Garuda Indonesia,” said Dony at a press conference at the Garuda Indonesia Management Building, Tangerang, Thursday (13/11).
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He explained that the initial stage of repairs was focused on the fleet, which was previously in poor condition
grounded.
All non-operational aircraft have now entered the workshop to be repaired so that they can become optimal production tools again.
Garuda is targeting initial results of improvements in financial performance to start looking positive in the third quarter of 2026
On the service side, Dony said that a number of updates would be immediately felt by passengers.
Inflight entertainment
which hasn’t been updated since 2018 will get a major update in the next few weeks, including the addition of new films.WiFi services that were previously not functioning in a number of fleets will also be reactivated.
Apart from that, Garuda is preparing to update the area
lounge, check-in counter, premium check-in,
to the quality of food on the plane.
This transformation, said Dony, was carried out comprehensively in all lines, from services, work culture, to business.He emphasized that the use of funds should not only be directed at operations, but also at reviewing business models so that funding does not run out again without continuous improvement.
“Because it is very important to give
image
which is positive for all our passengers.It will
immediately
felt,” he said.
Dony added that the impact of service transformation will begin to be seen in the near future, while financial results are targeted to improve in the third quarter of next year.
Apart from Garuda, Dony said that a similar restructuring process would also be carried out for a number of other BUMNs in the Danantara portfolio, including Krakatau Steel.All processes are carried out comprehensively with the management of each company.
Danantara Asset Management officially injected IDR 23.67 trillion in funds into Garuda Indonesia through the Capital Increase without Pre-emptive Rights (PMTHMETD) mechanism.This decision was taken at the EGMS on Wednesday (12/11).
The funds consist of cash capital contributions of IDR 17.02 trillion and conversion of shareholder debt of IDR 6.65 trillion.
Garuda Indonesia President Director Glenny Kairupan said this step was an important milestone in recovering the company’s performance after successfully completing a major restructuring in the last few years.
Around IDR 8.7 trillion or 37 percent was allocated for Garuda’s working capital, especially fleet maintenance, while IDR 14.9 trillion or 63 percent was used for Citilink operations, including paying off fuel obligations to Pertamina.
The capital investment was carried out through the issuance of more than 315 billion Series D shares with an exercise price of IDR 75 per share.This step ensures that Garuda’s shares remain listed on the Indonesia Stock Exchange (BEI) while strengthening the company’s financial position to support long-term transformation.
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