Financial Ports

Indonesia’s $900m Gamble: First Aircraft Carrier

CLAVE 1 / 441-year-old former Italian warship Giuseppe Garibaldi arrives in Jakarta as Indonesia’s first aircraft carrier.

CLAVE 2 / 4$900 million estimated retrofitting costs spark debate over fiscal priorities and naval strategy.

CLAVE 3 / 4The vessel, renamed KRI Sriwijaya, will focus on humanitarian missions, not combat, per Indonesian Navy.

CLAVE 4 / 4Indonesia becomes only the second Southeast Asian nation with an aircraft carrier after Thailand.

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