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 Flight 865 involved was the fifth of the six, PK-GIE. The aircraft involved was a McDonnell Douglas DC-10-30, registration PK-GIE. One of six (PK-GIA to PK-GIF) in the Garuda fleet at the time of the accident, it had its first flight on 24 April 1979 and was delivered to Garuda Indonesia on 27 July 1979. Eighteen years and eleven months old at the time of the accident, it was the 284th DC-10 built; its MSN number was 46685. The aircraft had three General Electric CF6-50C2 turbofan engines for propulsion. The cause of the engine failure leading to the crash was that the