Garuda Indonesia management has issued its first public statement regarding the ongoing consolidation plans with Pelita Air, the regional subsidiary of state energy giant Pertamina.
The carrier addressed the status of the proposed merger, which has been a subject of market speculation and regulatory scrutiny in recent weeks.
The consolidation effort is being orchestrated by Danantara, Indonesia’s newly established state-owned investment holding company.
Danantara has been tasked with restructuring the state-owned enterprise portfolio to improve efficiency and financial performance.
The merger between the national flag carrier and the regional operator is viewed as a key component of this broader state-sector reform agenda.
Market participants have been closely monitoring the development, as the combination of Garuda and Pelita Air would create a more integrated domestic and international network.