JAKARTA (Yosefardi) – Flag carrier PT Garuda Indonesia Tbk (GIAA) plans to pay debt of US$200-300 million this year, funded by internal cash and loans.
The company plans to raise funds of US$600 million, equivalent Rp7.2 trillion, through rights issue, bonds issue, and bank loans.
The airline allocates capex of US$150-200 million for this year, partly used to purchase 27 new aircrafts.
GIAA booked net profit of US$11.2 million in 2013, dropped 89% from US$110.84 million in 2012. Revenue increased 7% to US$3.72 billion from previous US$3.47 billion. Scheduled airline services contributed revenue of US$3.17 billion (2012: US$2.89 billion).