June 5, 2025

Aviation

Funds

$1.3bln in airline funds blocked by governments

New Delhi – The International Air Transport Association (IATA) reported that $1.3 billion in airline funds are blocked from repatriation by governments as of end April 2025. This is a significant amount, although it is an improvement of 25% compared with the $1.7 billion reported for October 2024. IATA urged governments to remove all barriers preventing

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Banking

Govt banking on Danantara to help expand Garuda’s fleet – Companies

eputy Industry Minister Faisol Riza has announced that Garuda Indonesia is set to order up to 100 aircraft this year from major manufacturers like Airbus and Boeing, referring to a statement made by President Prabowo Subianto during the launch of the country’s second sovereign wealth fund (SWF). “The President mentioned this during the launch of

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