The majority of the company’s shareholders approved of Garuda’s fleet expansion program in view of the promising market growth in the domestic and regional sectors. The approval was given during the Garuda Indonesia Extraordinary General Shareholders’ Meeting which took place on Friday, February 3, 2012, in the Auditorium of the Garuda Indonesia Management Building, Soekarno – Hatta International Airport, Cengkareng – Jakarta.

To enhance synergy among state-owned companies and increase the market-shares of PT Garuda Indonesia (Persero) Tbk. and PT Bank Mandiri Tbk., on Thursday, January 26, 2012, the two companies signed a joint marketing agreement which includes ticket sales using credit and debit cards. Taking place at the Garuda Indonesia Gallery in Senayan City, Jakarta, the signing of the agreement was conducted by PT. Garuda Indonesia (Persero) Tbk.’s EVP Marketing and Sales, M. Arif Wibowo and EVP Coordinator Consumer Finance Bank Mandiri, Bapak Mansyur S. Nasution.

As part of Garuda Indonesia’s ongoing business plans, one of the focus initiatives embodied in the Quantum Leap 2011-2015 program is the development of Citilink as a low cost carrier (LCC) serving the domestic and regional sectors, including the LCC’s impending spin-off plans.

On Wednesday, January 25, 2012, Garuda Indonesia won the “Indonesia Most Admired Companies” award from Fortune Indonesia Magazine. The award recognized the airline’s success in carrying out its transformation program and accomplishing significant achievements.

Due to the downturn of the economic conditions in Europe which has not shown any improvement in this current time and has been affecting to the declining market (air transportation) both to and from Europe, as of March 1, 2012, Garuda Indonesia will reduce daily flights from Jakarta – Dubai – Amsterdam (Europe) from seven to four times a week. Garuda, then, fly every Monday, Wednesday, Friday and Sunday from Jakarta, and every Monday, Tuesday, Thursday and Saturday from Amsterdam. To serve the Jakarta – Dubai – Amsterdam route, Garuda Indonesia operates an A330-200 with a capacity of 222 seats, consisting of 36 in business class and 186 in economy class).

In anticipation of increasing demands during the Christmas and New Year holidays, Garuda Indonesia added as many as 14.658 seats, divided on 54 additional flights and will be available from December 23 2011 till January 7, 2012.

PT Garuda Indonesia managed to book “unconsolidated revenue” IDR 22,29 trillion, and book to manage an income current period of IDR 725 billion during January – November 2011. Revenue-wise, Garuda experiences a 41,9 percent increase compared to the same period the previous year’s IDR 16,19 trillion. Meanwhile, income current period increased by 124 percent compared to last year’s IDR 323 billion. Since launching the Quantum Leap program, Garuda Indonesia has introduced various efficiency measures and expansion in the company’s operations which will see the airline progressing confidently till 2015.

PT. Garuda Indonesia (Persero) Tbk. (“Garuda”) succeeds in earning a revenue of IDR 6.9 trillion in the 3rd quarter of 2011, and booking a comprehensive income of IDR 473,6 biilion. Revenue-wise, Garuda Indonesia experiences a 40% increase compared to that of last year’s IDR 4.92 trillion. Meanwhile, its comprehensive income increased by 472% compared to the loss of 127.6 billion in the same period last year. Since launching the Quantum Leap expansion program, Garuda Indonesia has introduced various efficiency measures and expansion in the company’s operations which will see the airline progressing confidently till 2015.

On Wednesday, October 26 2011, Garuda Indonesia signed a Memorandum of Understanding with sixty-one embassies in Jakarta for the use of Garuda Indonesia products and services. During the event that took place at the Ballroom of the Four Seasons Hotel in Jakarta, the signitaries were Garuda Indonesia’s President & CEO, Emirsyah Satar and the ambassadors of the respective embassies.

On Thursday, October 20, 2011, Garuda Indonesia welcomed its 48th new B737-800NG which is also the 123rd B737 series aircraft delivered to Garuda Indonesia. The arrival of the B737-800NG was witnessed by the Assistant Minister of Communications, Mr. Bambang Susantono and the Garuda Indonesia Management at Hanggar 2 of the Garuda Maintenance Facilities – Aero Asia in Cengkareng.