Garuda Indonesia Accelerates Fleet Recovery

Strategic Capital Injection and Fleet Expansion

PT Garuda Indonesia (Persero) Tbk (GIAA) is accelerating its fleet recovery through a comprehensive strategy involving significant financial support and operational enhancements. The airline plans to operate 78 aircraft by October 2025, marking a substantial recovery effort. Currently, Garuda maintains 58 serviceable aircraft, while its subsidiary Citilink operates 64 aircraft with 32 serviceable planes.

Financial and Operational Support

The recovery plan is backed by a Rp23 trillion capital injection, demonstrating strong commitment from the parent group. Additionally, Garuda is utilizing shareholder loans (SHL) to enhance fleet serviceability. These financial measures have already shown positive results, with Garuda's serviceable fleet increasing by more than 13 aircraft. Citilink is also part of the recovery plan, with plans to reactivate 9 additional aircraft since September, bringing their total serviceable fleet to 36 aircraft by year-end.

Management Perspective

Garuda Indonesia's CEO, Glenny Kairupan, stated that maintaining serviceability of both Garuda and Citilink aircraft creates a solid recovery momentum. The strategic reactivation and financial support are key components of this recovery strategy, positioning the Garuda Group for stronger market presence in the coming years.