Garuda Indonesia, the national airline partly owned by the Indonesian government (through Danantara) and billionaire Chairul Tanjung, has secured a $408 million loan from Danantara. The airline has faced significant financial challenges in recent years, including a $10 billion debt restructuring in 2023. This latest loan aims to provide crucial financial support as Garuda continues its efforts to stabilize its operations. The airline’s struggles stem from long-standing debt issues, necessitating