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Garuda Indonesia to defer 20 A320neo, B737 MAX
September 29th 2017
Gvernment controlled Garuda Indonesia must become more efficient and trim its fat before taking delivery of additional aircraft, its CEO, former banker Pahala Mansury, told media. Read More »
The Garuda chief has confirmed he is discussing the deferral of 20 aircraft with Airbus and Boeing. Deliveries of the jets in question were scheduled from this year’s fourth-quarter until 2019, Mansury said, without specifying new delivery dates. Garuda has outstanding orders for 50 B737 MAX aircraft and 25 A320neo for its Citilink subsidiary.
“We are in the process of discussing and the discussion has moved in a positive direction,” the Garuda boss said. Mansury has made it his mission to improve the carrier’s current fleet utilization before accepting new deliveries.
He said it should be possible to increase the utilization rate from 9 hours and 38 minutes a day to eleven hours, as per industry standard.
Garuda reported a wider net loss for the first half of 2017, hurt partly by the costs of participating in the government’s tax amnesty scheme, but it still hoped to achieve a full-year net profit of approximately US$70 million.
Garuda’s short-haul fleet includes 73 B737-800s and 49 A320s at its Citilink subsidiary, including four A320neo.
