Garuda to Order 10 Boeing 777-200ERs
After Booking a Profit for 2007, Garuda Continues Turn-around Plans by Renewing its Armada.
Bisnis Indonesia reports that Garuda Indonesia has followed up its recent move into profitability by announcing plans to purchase 10 Boeing 777-200ER aircraft worth an estimated US$2 billion to support route expansion plans to Europe, the Middle East and East Asia.
The Operational Director of PT Garuda Indonesia, Ari Sapari, told the press that the a memorandum of understanding for the purchase of the 10 wide-body aircraft will be signed at the Singapore Air Show February 18-22, 2008.
Sapari went on to explain that the purchase of the 10 extended-range aircraft will be transacted via a rental-purchase agreement which will see the first of the new planes come on line in 2010.
Sapari was also quick to underline that the purchase plans for the new Boeing 737-200ER will have no impact on existing plans to acquire a Boeing 787 Dreamliner for their fleet in 2012 and was in no way connected with recent Indonesian government suggestions to avoid the purchase of Airbus products as a response to the continuing "blacklisting" of Indonesian aircraft over European airspace.
In 2008 Garuda will begin receiving 50 units of Boeing 737-800 aircraft under an already agreed leasing agreement. Of the current 48 aircraft operated by the Airline, 20 are owned by Garuda and the remaining 28 are operated under rental agreements.
Shown graphically on Balidiscovery.com is a summary of the business plans for Garuda Indonesia through 2013.
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