Garuda Indonesia is seeking as much as $1.4 billion capital injection from the country’s sovereign wealth fund, Danantara Indonesia, to support the turnaround of the cash-strapped flag carrier.

Under the plan, which is subject to the approval of the company’s shareholders at a meeting in November, Garuda will issue 407 million new shares to Danantara and convert the 6.65 trillion rupiah ($408 million)........

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