Indonesia's sovereign wealth fund, Danantara Indonesia, plans to establish a new holding company for its state-owned airlines by the first half of 2026. This move aims to optimize the operations of flagship carrier Garuda Indonesia, its low-cost subsidiary Citilink Indonesia, and Pelita Air Service, which is currently under Pertamina. The initiative is expected to enhance fleet utilization through shared aircraft and unified booking systems, addressing operational constraints and minimizing financial losses.
During a recent press conference, Danantara's stakeholder management director, Rohan Hafas, emphasized that the new holding company would allow seamless services such as unified mileage points, registration mechanisms, and seat switching. Establishing a centralized structure is also anticipated to facilitate more efficient fleet management and revenue generation without needing additional aircraft.
Earlier statements from Chief Operating Officer Dony Oskaria indicated that the consolidation could be finalized by the first quarter of 2026, with Garuda serving as the parent company and Citilink and Pelita as subsidiaries. Such structural reform aims to bolster the financial stability of the airlines, particularly Garuda Indonesia, which has faced significant losses. The move aligns with broader efforts to streamline Indonesia's aviation sector and support national air travel expansion.
Related news articles highlight ongoing discussions about aircraft procurement, technological advancements, and Indonesia's strategic initiatives within its aviation industry. The overall goal remains to improve operational efficiency, generate additional revenue, and support Indonesia's growing connectivity ambitions.
