Latest news with #WamildanPanjaitan
Yahoo
03-07-2025
- Business
- Yahoo
Garuda's $10 Billion Comeback? Airline in Surprise Talks for Massive Boeing Deal
Garuda Indonesia could be preparing for its biggest fleet shake-up in years. CEO Wamildan Tsani Panjaitan told reporters the airline is in talks with Boeing (NYSE:BA) to purchase between 50 and 75 aircraft, including the 737 Max 8 and 787-9 models. The discussions come as Garuda looks to scale up its international presence and move toward operating 120 aircraft within five yearsup from the current 98 between Garuda and its low-cost unit, Citilink. No timeline has been set, and Panjaitan didn't confirm whether the deal would be tied to broader trade negotiations. Warning! GuruFocus has detected 6 Warning Signs with BA. Garuda is also considering bringing back the 737 Max 8a model it quietly returned to lessors during its $10 billion debt restructuring. The airline had previously tried to cancel a $4.8 billion order for 49 of these planes following the 2018 Lion Air crash and a second fatal incident involving Ethiopian Airlines. Now, with a $405 million loan in hand from Indonesia's sovereign wealth fund Danantara, Garuda is re-evaluating the aircraft's place in its fleetpossibly signaling a shift in sentiment toward Boeing's embattled jet. It's still unclear whether this new round of discussions with Boeing reflects a fresh order or a repackaging of the original 49-plane deal. But either scenario could set the stage for Garuda's comeback story. Investors watching the region's aviation recovery may want to pay attentionthis could be more than just a fleet upgrade. It might be the first real sign of Indonesia repositioning itself on the global aviation map, with Garuda as the front-runner. This article first appeared on GuruFocus. 登入存取你的投資組合
Bloomberg
03-07-2025
- Business
- Bloomberg
Garuda Says It's in Talks to Buy as Many as 75 Boeing Aircraft
PT Garuda Indonesia is in talks to buy scores of Boeing Co. aircraft as the distressed flag carrier seeks to expand its international network, its CEO said. The airline is discussing buying between 50 and 75 jets from the US manufacturer, including 737 Max 8 and 787-9 models, Wamildan Tsani Panjaitan told reporters in Jakarta on Thursday.
Bloomberg
24-06-2025
- Business
- Bloomberg
Indonesia's Danantara Loans $405 Million to Flag Carrier Garuda
By and Norman Harsono Save Indonesian sovereign wealth fund Danantara will extend a $405 million loan to PT Garuda Indonesia to help the distressed flag carrier turn around finances and expand its fleet in the coming years. Garuda Chief Executive Officer Wamildan Tsani Panjaitan said in a briefing Tuesday that the shareholder loan would be the first step in a 'comprehensive transformation' of the airline that will include long-term financing based on performance. The move confirms an earlier Bloomberg News report of funding plans.
