kalakaua
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Garuda Indonesia Plans To Lease Four B737NG

Tue Feb 22, 2005 9:01 am

GARUDA TO LEASE FOUR BOEING 737-NG AIRCRAFT
Publish Date : 2/21/2005 5:19:00 PM
Source : Travel News ExpressNewsline.com

The country's flag carrier Garuda Indonesia (GA) plans to lease four units of Boeing latest generation Boeing 737-NG aircraft this year.

Garuda President Indra Setiawan said the four aircraft will improve the competitiveness of the state-owned airline company in international and regional routes.

The aircraft will be leased from an international leasing company, Setiawan said without giving further details.

He said the company targets to chalk up Rp12 trillion (US$1.33 billion) in income this year up from Rp10 trillion in 2004.

With that income the company will be able to pay its annual installment of US$110 million, he said.

The company still has a debt of around US$827 million to be repaid until 2010.

Setiawan said Garuda wants to launch initial public offering (IPO) in 2006.


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RE: Garuda Indonesia Plans To Lease Four B737NG

Tue Feb 22, 2005 10:46 am

Quoting Kalakaua (reply 0):
international leasing company

ILFC?

Its good that GA is expanding considering whats happened or happening around thw world.
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calvin99
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RE: Garuda Indonesia Plans To Lease Four B737NG

Tue Feb 22, 2005 10:50 am

Its certainly a good news for Garuda. This will allow GA to be more competitive in the overcrowded Indonesia market.

Is there any news about GA getting more A330-300?
 
blsbls99
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RE: Garuda Indonesia Plans To Lease Four B737NG

Tue Feb 22, 2005 11:16 am

Didn't Garuda place an order for 737NGs and 777s a while back that has been deferred for quite some time?
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HB-IWC
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RE: Garuda Indonesia Plans To Lease Four B737NG

Tue Feb 22, 2005 2:36 pm

The lease of these four aircraft has long been announced, and is part of a greater batch of up to 12 aircraft of the type. Garuda Indonesia will, also this year, take delivery of a further number of B733s for its low cost offspring Citilink as well as at least one, possibly more, A333s to replace the two remaining DC10-30s. B777s are not expected to arrive before 2006.
 
lutfi
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RE: Garuda Indonesia Plans To Lease Four B737NG

Tue Feb 22, 2005 2:51 pm

HB-IWC - Will they make use of the -NG longer legs?

I.e. any chance we'll see SUB-HKG this year?
 
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PM
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RE: Garuda Indonesia Plans To Lease Four B737NG

Tue Feb 22, 2005 3:02 pm

I doubt if the six 777s they ordered nearly nine years ago will ever be built. They announced a few months ago that they were looking for three more used 333s with RR engines. (They still have three on order but these too seem to have been indefinitely postponed.) Recently they announced that they were leasing a couple from MyTravel but it wasn't clear for how long.
 
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RE: Garuda Indonesia Plans To Lease Four B737NG

Tue Feb 22, 2005 7:04 pm

Quoting Lutfi (reply 5):
Will they make use of the -NG longer legs?


The NGs will most likely be used for regional expansion, so expect to see them on some of the longer regional flights. A return to Manila is in the cards for this year, as well as a return to India with up to two destinations. Both Manila and India might be served via Singapore or Kuala Lumpur and both the NGs and the A333s could possibly be deployed on these new routes.


Quoting Lutfi (reply 5):
I.e. any chance we'll see SUB-HKG this year?


I guess this is a possibility, as is Jakarta-Perth. Both routes have been contemplated and even loaded in the past but were cancelled because of SARS.


Quoting PM (reply 6):
Recently they announced that they were leasing a couple from MyTravel but it wasn't clear for how long.


The MyTravel A330s, as well as a number of B763s and Air Atlanta B747s, were leased for the yearly Haji uplift, and are in their last days of operation, as nearly all Haji pilgrims have returned. During the Haji period, Garuda has also leased an Iberworld A332 for the daily Tokyo flight. This aircraft will also be returned in the coming weeks.


Quoting PM (reply 6):
They announced a few months ago that they were looking for three more used 333s with RR engines.


It is as good as certain that one or more A333 frames will join the fleet during 2005. It is, however, still unclear where they will come from. Garuda needs extra widebody capacity to phase out the two remaining DC10s and to reinforce the longhaul schedule.
 
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RE: Garuda Indonesia Plans To Lease Four B737NG

Tue Feb 22, 2005 8:33 pm

As per the media release in reply 0, the B737NGs will be used on Regional and International routes
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