Garuda Indonesia for 10 Boeing 777-300ERs instead, which it would take delivery of in 2013 to use on long-haul flights to Europe, and medium-haul flights within Asia, such as to Japan, China, Singapore and Saudi Arabia, as well as short-haul domestic routes between Jakarta and Denpasar. The airline made its debut on the Indonesia Stock Exchange in February 2011, with the government of Indonesia retaining a majority of the shares. PT Trans Airways bought 10.9 percent stake of Garuda Indonesia unsold IPO shares from underwriters on 27 April 2012. The transaction was valued at Rp 1.53 trillion ($166.8 million). In late 2014,
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