PT Garuda Indonesia plans to raise debt amid rising costs

PT Pertamina: PT Pertamina is Indonesia's state-owned integrated energy company engaged in oil and gas exploration, refining, and distribution, including jet fuel supply. It serves as a major supplier to the aviation sector and participates in broader energy sector reforms. In the context of this news, it is the primary fuel provider engaged in negotiations with Garuda Indonesia over payment terms. PT Garuda Indonesia: PT Garuda Indonesia is Indonesia's state-owned flag carrier airline operating domestic and international routes. The company is actively pursuing additional financing options and restructuring measures to address ongoing operational pressures. In the context of this news, it has initiated talks to secure more debt and extended payment terms with its key fuel supplier amid rising costs. Fuel Pressures: Rising jet fuel costs are significantly impacting airline operations and prompting financial restructuring across the sector. Restructuring Efforts: State-linked Indonesian entities continue to support airline and energy sector consolidation as part of broader economic initiatives. Supplier Negotiations: Airlines are seeking extended payment flexibility from fuel providers to manage cash flow amid volatile energy prices.