Jakarta (ANTARA) – Indonesia's sovereign wealth fund, Danantara Indonesia, is targeting the completion of a new holding company for state-owned airlines by the first half of 2026.The proposed holding company will comprise flag carrier Garuda Indonesia, its low-cost subsidiary Citilink Indonesia, and Pelita Air Service, currently under the state oil company Pertamina.During a press conference on Thursday, Danantara's managing director for stakeholder management, Rohan Hafas, said that the holding company will help optimize operations between the three airlines in various aspects.”A holding company for Pelita, Citilink, and Garuda means a single booking system, mileage points, registration mechanism, and even enables seat switching. It will ensure an efficient and optimized booking system,” Hafas said to highlight potential seamless services under the new holding.The holding company aims to optimize fleet utilization across the airlines. Under this structure, the three carriers will be able to share aircraft on high-demand routes, helping to address operational fleet constraints more efficiently.The Danantara official also expressed confidence that the holding company would help reduce financial losses at state-owned airlines, including the struggling Garuda Indonesia.”We hope the process will be completed by the first half of 2026, as it is crucial for us to generate additional revenue without adding new aircraft,” Hafas said, adding that Danantara is finalizing the form of the holding company.Earlier, Danantara Chief Operating Officer Dony Oskaria stated that the consolidation of a holding company for state-owned airlines is targeted to be completed by the first quarter of 2026, with Garuda Indonesia serving as the holding parent company.”Garuda Indonesia will be the parent company, with Citilink and Pelita Air as its subsidiaries,” Oskaria remarked.