Garuda Indonesia Friday (17/12) has wrapped up its financial restructuring with all the creditors, where the last group which are the ECA (European Export Credit Agency) and the Commercial Lenders was signed for the remainder debt of US 277 million.
As planned, Garuda Indonesia's operations have returned to normal on Thursday after problems caused by the recent implementation of a new Integrated Operational Control System (IOCS), which had led to delays and cancellations, have been resolved.
Garuda Indonesia, the flag carrier of Indonesia, today signed an agreement to join the SkyTeam airline alliance in 2012. Garuda will expand SkyTeam’s presence in Southeast Asia, adding 30 new destinations to the alliance network.
Garuda Indonesia expresses its most sincere apologies for the series of delays and cancellations of several Garuda Indonesia flights on Sunday.
Due to Adi Sucipto Airport in Yogykarta closed down following the latest eruptions of Merapi, Garuda Indonesia has cancelled its flights to and from Yogyakarta until 9 November, 2010.
On Tuesday, 11th Oktober 2010, Garuda Indonesia starting to fly the first flight Hajj from Jakarta and four other stations, namely Solo, Surabaya, Padang and Palembang. Earlier on Monday, 11 October 2010, Garuda Indonesia carried hajj pilgrims from Medan, Banjarmasin, Aceh and Makassar. The first flight group from Balikpapan is scheduled to fly out on October 13, 2010.
In response to increasing demands as well as part of its ongoing service improvements, Garuda Indonesia increases flight frequencies on the Osaka-Denpasar vv. service, from 5 to 7 times a week.
Effective August 31, 2010 Garuda Indonesia will introduce direct flights from Jakarta-Tokyo-Jakarta as part of the airline’s continuous efforts to improve service quality by offering more routes and destinations to its passengers, particularly those traveling on business.
In line with Garuda Indonesia’s domestic network expansion program, especially in the Eastern Regions of Indonesia, on Thursday, July 1, 2010, Garuda Indonesia formally announced the opening of the Jakarta-Palu flight service with a stopover in Ujung Pandang.
Indonesia’s national airline, Garuda Indonesia took deliveries of three Boeing 737-800 Next Generation aircraft under a sale and leaseback agreement with MC Aviation Partners (MCAP), the aircraft leasing and trading arm of Mitsubishi Corporation.
