The Indonesia Competition Commission (Komisi Pengawas Persaingan Usaha or “KPPU“) has issued its first-ever antitrust approval for a non-merger business cooperation agreement. This decision, announced in a press release on 27 February 2025, involves a joint business agreement between PT Garuda Indonesia (Persero) Tbk (“Garuda“) and Japan Airlines (“JAL“). The agreement encompasses a range of collaborative…