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Garuda Indonesia to undertake restructuring under UK court supervision: report
September 16th 2021
Garuda Indonesia is expected to reduce its fleet by 80 aircraft and renegotiate orders for about 90 aircraft under a proposed restructuring conducted via a scheme of arrangement in the UK, Cirium has reported, citing information presented to lessors earlier this month. Read More » The report said all 10 777-300ERs and seven A330-200s would be withdrawn and 10 of its 18 A330-300s would leave the fleet. Five A330neo will remain with the Indonesian flag carrier with orders for 13 more of the type to be renegotiated or cancelled. For the narrow-body fleet, Cirium said Garuda would continue to operate 737-800s and its Citilink subsidiary would continue to operate A320 family aircraft. The company hoped to withdraw all 737-300 and 737-500 aircraft and renegotiate or cancel orders for 49 737 MAXs and 25 A320neo. All 18 CRJ1000s will leave the fleet but some ATR 72-600 turboprops will be retained, Cirium said.
