Aviation in Indonesia to KLM, which created the "KLM Interinsulair Bedrijf" (Interinsular Service). The Republic of Indonesia declared its independence on 17 August 1945 and the war of independence ensued. After enduring five years of war and securing recognition of Indonesian Independence in late 1949, the aviation service reopened for business. The "KLM Interinsulair Bedrijf" was nationalized by the Indonesian government in December 1949 as Garuda Indonesia, the national airline of the republic, and began to operate air services in the Indonesian archipelago. In the early years of the Indonesian Republic, Garuda Indonesia dominated the air transport service in the country, connecting major
Garuda Indonesia 1,000 employees from various units. Indonesian President Susilo Bambang Yudhoyono opened the current Garuda head office in 2009. The previous head office was located in the city center of Jakarta, in Central Jakarta. Garuda Indonesia had announced that its subsidiary, GMF AeroAsia would be listed in Indonesia Stock Exchange in 2008. However, due to financial crisis in 2008, GMF delayed IPO until 2009. The Ministry of State-Owned Companies (Kementrian BUMN) also had announced a plan to privatize Garuda, that opened a possibility to offer its shares publicly. Garuda Indonesia aimed to list on 11 February 2011, for an Initial Public