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 flag. Sukarno as The President of United States of Indonesia together with Mohammad Hatta as the Prime Minister, asked Sultan Hamid II to change the red and white ribbon being held by Garuda talons to white scroll bearing the national motto "Bhinneka Tunggal Ika". On 8 February 1950, the design created by Sultan Hamid II was presented to President Sukarno. The design featuring Garuda in its anthropomorphic form, similar to traditional depiction of Garuda in ancient Javanese, Balinese, and Siamese art. However, the Islamic party Masyumi expressed their objection and stated that the bird with human neck and shoulders with