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
National emblem of Indonesia the Garuda in Indonesia's coat-of-arms invokes the pre-colonial Hindu kingdoms that spanned across the archipelago, from which the present-day Republic of Indonesia is understood to be descended. However, unlike the traditional anthropomorphic form of Garuda as featured in ancient temples in Java, the Balinese Garuda, or the national emblem of Thailand, the design of Indonesia's "Garuda Pancasila" is rendered in modern naturalist style. The design of "Garuda Pancasila" was inspired by the "elang Jawa" or Javan hawk-eagle ("Nisaetus bartelsi"), an endangered raptor endemic to the mountainous forest regions of Java. The Javan hawk-eagle's resemblance to the "Garuda Pancasila" is most