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 421 Garuda Indonesia Flight 421 Garuda Indonesia Flight 421 was a scheduled domestic flight operated by Indonesian flag carrier Garuda Indonesia travelling about from Ampenan to Yogyakarta. On January 16, 2002, the flight encountered severe thunderstorm activity during approach to its destination, suffered flameout in both engines, and ditched in a shallow river, resulting in one fatality and several injuries. The aircraft, a Boeing 737-3Q8, registration PK-GWA, was manufactured in 1988 and delivered in 1989 It was the first 737 flown by Garuda Indonesia. As the Boeing 737–300 aircraft was on approach to its destination, the pilots were confronted with substantial