Garuda wants lessors to offer lower rates and power-by-hour deals for the aircraft the airline wants to keep. The same database says 30 lessors currently have aircraft placed with Garuda. Coming out of the restructuring process, the airline is eyeing a fleet of just 66 aircraft, a reduction of about 55%.Īirline database reports that Garuda's current fleet stands at 117 planes, with 99 of those planes on a lease. Some radical fleet surgery is emerging as the favored way to achieve this.īefore the outbreak of COVID-19, a consistently unprofitable Garuda Indonesia had 142 planes in its fleet. Under the court-supervised restructuring process (known as PKPU proceedings in Indonesia), the airline wants to cut that cut to a more manageable $3.4 billion. The Jakarta-based airline owes its assorted creditors US$9.8 billion. Future fleet downsizing on the agenda at Garuda Indonesia creditor's meeting
