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 200 the worst safety records among the world's national carriers. Since 1950, Garuda Indonesia has had 13 major accidents. The most recent was in 2002, when Garuda Indonesia Flight 421 ditched in the Bengawan Solo River due to engine flameout caused by excessive hail ingestion, killing a flight attendant. The deadliest accident was in 1997, when Garuda Indonesia Flight 152 flew into a wooded mountain on approach to Medan, killing 234 people. The managing director of the Centre for Asia Pacific Aviation, Peter Harbison, stated that the major accidents in Indonesian aviation history were all caused by the combinations of airports'