Massive Inbound Migration of Garudas

(11/11/2012)

Investor Daily and The Jakarta Globe reports that the Indonesian air carrier Garuda is preparing to spend US$2.2 billion on the purchased of 24 new aircraft slated for delivery in 2013.

Part of Garuda Indonesia’s “Quantum Leap Program,” the new aircraft includes four Boeing 777-300ERs, two Airbus 330-200s, ten Boeing 737-800NGs, seven Bombardier CRJ1000s and one Airbus 330-300.

“The price of a Boeing 777 is about US$150 million. An Airbus 330 is $100 million, a Boeing 737 is $50 million and a Bombardier is between $20 million and $25 million,” said Garuda president director Emirsyah Satar in Jakarta.

The Boeing 777s and Airbus will be used to replace Garuda’s aging Boeing 747 aircraft on long-haul runs.

Emirsyah told the press that 

Garuda has a fleet of 95 airplanes that are serving 32 domestic and 18 international routes. 



Garuda also has an additional 24 planes on order for delivery before the end of 2013 that will bring the airline's fleet to 105.

Garuda’s ambitious plans target 194 planes to be part of their fleet by 2015 flying an estimated 20 million passengers every year.