Close sidebar

Garuda launches Amsterdam services

written by australianaviation.com.au | June 3, 2010
Garuda A330s are flying to Amsterdam. (Mehdi Nazarinia)
Garuda A330s are flying to Amsterdam. (Mehdi Nazarinia)

Garuda Indonesia used the launch of its new Jakarta-Dubai-Amsterdam services on June 1 to confirm it remains on track to raise US$300m (A$360m) in an initial public offering (IPO) by the end of the year to support its growth plans.

The new daily service to Amsterdam started on June 1, and is operated by the airline’s fleet of Airbus A330-200s, which have 222 seats in two classes. The airline has also earmarked possible services to Frankfurt, London, Paris and Rome over the next four years, including some nonstop services which will be operated by the airline’s 777-300ERs which are due to arrive in 2011.

“Europe will play an integral role in our five year ‘Quantum Leap’ strategy which includes growing our international network as well as developing new concepts for both business and leisure travel. Establishing a strong presence in Amsterdam and the rest of Europe is an important element in meeting these growth targets,” said Emirsyah Satar, Garuda president and CEO.

Advertisement
Advertisement

“We’re also planning to launch an initial public offering before the end of this year and our return to Europe is pivotal in determining the success of the IPO. We want to raise approximately US$300 million to support these long term growth plans,” added Satar.

Garuda is currently fully owned by the Indonesian government, and it is expected that the government will retain a majority stake in the airline after the IPO.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Each day, our subscribers are more informed with the right information.

SIGN UP to the Australian Aviation magazine for high-quality news and features for just $99.95 per year