Garuda Indonesia Offering. Government of Indonesia has confirmed the IPO price of Garuda Indonesia at Rp.750 per share and also cut offering size to 6.3 billion shares only from 9.362 billion planned before. Garuda Indonesia’s subsidiaries include: Garuda Indonesia operates flights to 83 destinations (64 domestic and 19 international) in 14 countries, with approximately 500 daily departures from its hubs at Jakarta, Denpasar, Medan and Makassar. The airline serves 3 continents Asia, Australia and Europe with its fleet of 140 aircraft, to destinations such as Singapore, Shanghai, Tokyo, Amsterdam and London, and although it has rapidly expanded its route network since the
Garuda Indonesia Indonesia signed a Letter of Intent (LoI) to purchase 90 new aircraft from Boeing and Airbus (30 737 MAX 8, 30 787-9 Dreamliner, 30 A350-900 XWB) worth $20 billion at list prices Garuda has also signed an LoI for 14 Airbus A330-900neo aircraft (including 7 conversions from an existing A330-300 order) first reported during the Singapore Airshow 2016, confirming the order on 19 April 2016. On October 5, 2017, Garuda operated their last 747 service after PK-GSH touched down in Makassar from Medina as Garuda Indonesia Flight 1444, a returning Hajj flight. It was then ferried to Jakarta the following