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 is used on most domestic and regional routes. Meanwhile, the Bombardier CRJ1000 is used to fly to airports incapable of handling the newer 737-800, replacing the Boeing 737 Classic. The ATR 72-600 turboprop entered service at the end of 2013, serving new inter-island routes to airports in the eastern part of Indonesia that cannot handle jet aircraft. Of the 73 aircraft in the 737NG fleet, Garuda plans to retire the oldest three, which exceed 16 years in age (the rest of the fleet is eight years or younger, as of May 2018). At the Paris Air Show in 2015, Garuda