Garuda Indonesia to massively cut fleet

THE JAKARTA POST/ ANN – Garuda Indonesia reportedly plans to remove a large number of widebody aircraft from its fleet while retaining dozens of narrowbody aircraft to focus on its low-cost subsidiary Citilink.

The national flag carrier is looking to remove nearly 80 aircraft from its fleet and renegotiate or cancel orders for more than 90, according to a report on aviation news website flightglobal.com quoting aviation data analytics company Cirium.

Cirium reportedly saw a slide from a Garuda Indonesia town hall meeting with lessors on
September 7.

“To implement the restructuring of the group’s aircraft lease arrangements and potentially its other debts, the company expects to launch a United Kingdom (UK) scheme of arrangement,” the slide stated, according to flightglobal.com.

Garuda Indonesia unveils new livery for its B737-800 NG fleet in October 2020. PHOTO: GARUDA INDONESIA