Boeing today delivered a B777-300ER to Garuda Indonesia in a special SkyTeam livery. "We continue to grow our network with the SkyTeam alliance and the 777-300ER's efficiency and economics allow us to stay competitive and with an interior that our passengers love. We're proud to see our latest 777-300ER in the SkyTeam livery," said Arif Wibowo, president and CEO, Garuda Indonesia. Garuda Indonesia became the 20th member to join the SkyTeam Alliance in August 2014, providing access to an … [Read more...] about Garuda takes delivery of new B777-300ER in SkyTeam livery
Garuda Indonesia
Record low oil prices fuel hedging strategies
Airlines around the world are moving quickly to increase their jet fuel hedging as they eye five month lows in crude prices that many expect to taper off at around US$50 a barrel. "Some airlines are popping in and hedging bits and pieces daily at a Brent price of $55 and down to $50," said a trader with a bank that handles hedging for many Asian airlines according to Reuters. Indonesia's PT Garuda Indonesia has hedged 45 per cent of its 2015 jet fuel needs and is now looking to raise that … [Read more...] about Record low oil prices fuel hedging strategies
Garuda back in the black with US$29.3m net profit
PT Garuda Indonesia (Persero) Tbk. has booked a US$29.3 million net profit in the first half of 2015, representing a 114.5 per cent jump over the same period last year, which was a negative US$201.3 million. Garuda said the performance growth - amidst the economic down turn - has been achieved through various initiatives by the carrier as part of its ‘Quick Wins' programme, as well as a continuous efficiency strategy. Garuda Indonesia also succeeded in increasing its operating revenue to … [Read more...] about Garuda back in the black with US$29.3m net profit
Garuda signs LOI for 30 A350 XWB
Garuda Indonesia has signed a Letter of Intent (LOI) with Airbus for the purchase of 30 A350 XWB aircraft. Garuda Indonesia plans to use the A350 XWB to develop its medium and long haul network, with the aircraft offering the ability to fly non-stop from Jakarta or Bali to Europe. Arif Wibowo, CEO of Garuda Indonesia, said: “Following our success in revitalising our regional operation in Asia and the Pacific, the development of our long haul network will be a priority in the coming … [Read more...] about Garuda signs LOI for 30 A350 XWB
Garuda increases Jakarta-Amsterdam frequency
Garuda Indonesia will reduce its flights between Jakarta and London Gatwick in favour of additional flights to Amsterdam. Operated on the B777-300ER, the airline will increase flight frequency of the Jakarta - Amsterdam route from five times to six times a week starting from 11 July 2015. To add more flights between Jakarta and Amsterdam, Garuda’s London services drop from five-times-weekly via Amsterdam to three-times-weekly, and retain the Dutch detour in each direction. That’s … [Read more...] about Garuda increases Jakarta-Amsterdam frequency
Garuda orders 50 B737 MAX 8s
Garuda Indonesia has ordered 50 B737 MAX 8s, valued at US$4.9 billion. Boeing said that the carrier will purchase 46 737 MAX 8s and convert existing orders for four 737-800s to 737 MAX 8s. This revitalisation programme is due to the end of the lease term for the airline’s existing 12-year-average B737-800NG aircraft. Garuda will take delivery of its new B737 MAX 8 aircraft in stages, starting from 2017 through to 2023. The MAXs will be powered by CFM International LEAP-1Bs, the … [Read more...] about Garuda orders 50 B737 MAX 8s
