Garuda Reaching U.S. $ 125 million for 17 new aircraft

JAKARTA. Until the end of this year, PT Garuda Indonesia Tbk plans to spend the proceeds from going public to hold as many as 17 units of a modern fleet. The planes are composed of advanced Next Generation Boeing 737-800, Airbus A330 Airbus A320-200 and the latest artificial.
Finance Director Elisa Lumbantoruan Garuda said, for the procurement of aircraft, Garuda has spent the proceeds from initial public offering (IPO) amounted to 120-125 million U.S. dollars.
The funding is part of a fund of 350 million dollars received during the IPO. The 17 aircraft consists of nine Boeing 737-800 NG aircraft, two Airbus A330-200 and six Airbus A320s.
Of the nine Boeing 737-800 NG, according to Elisa five aircraft including the aircraft status to buy, while 12 other units of rental status.
"The acquisition of approximately 24 months, so it will come at the end of 2013," Elisa said in Jakarta on Thursday (07/04/2011).
He explained, four Boeing 737-800 NG and two units with five Airbus A330 Boeing 737-800 NG units that have been ordered last year to Indonesia soon this year.
While the six Airbus A320 is also projected to be present from the second half of 2011 untukmemperkuat Citilink fleet, one of the strategic business unit of Garuda. Citilink operated with the concept of low cost carriers (LCCs). In contrast to the Garudayang have a full service, Citilink not provide food service for free on the plane or no frill.
Citilink is projected to be one other competitor airlines that have been successful with LCC services such as Lion Air and Indonesia AirAsia. With the new fleet, this year's Garuda airline to expand either thickening of the opening of flight routes and routes that had not yet flown the airline's state-owned enterprises. One route that will be worked out, among others-Taiwan Jakarta, Jakarta, Manila and Jakarta-India (between Madras to New Delhi) by using the Airbus A330.