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 035 Garuda Indonesia Flight 035 Garuda Indonesia Flight 035 was a domestic Garuda Indonesia flight that struck a pylon and crashed on approach to Medan-Polonia Airport on 4 April 1987. 23 of the 45 passengers and crew on board were killed in the accident. The aircraft was on an Instrument Landing System approach to Medan Airport in a thunderstorm. The aircraft struck electrical power lines and crashed short of the runway. The aircraft broke up and the tail section separated and fire broke out. Most of the survivors escaped through breaks in the fuselage and 11 were flung free of the