JAKARTA (Yosefardi) – Flag carries PT Garuda Indonesia Airlines Tbk (GIAA) plans to launch the rights issue in April this year, targets to raise Rp2 trillion to fund its business projects.
The airline allocates capital expenditure (capex) of Rp4 trillion for this year. GIAA also plans to seek funds through bond issue and loan to banks and lessors.
The airline targets to flight 45.5 million passengers in total by 2015, compared to current 25 million. GIAA will purchase 27 new aircrafts and develop new flight routes, both domestic and international (London, Manila, Mumbai).
New routes in domestic will focus in eastern part of the country such as Manokwari, Banyuwangi, Meurauke, Jember, Mamuju, Baubau, and Langgur.