Garuda to delay aircraft deliveries

admin
By admin July 29, 2014 13:32

Garuda to delay aircraft deliveries

Garuda Indonesia intends to delay the delivery of new aircraft in a bid to ease financial pressure brought on by worsening losses.

Amid losses totalling $211 million for the first half of 2014, Garuda CEO Emirsyah Satar also stated that the airline is also considering mothballing some of its older and` less fuel-efficient aircraft as part of cost-cutting measures.

Satar said: “In 2014, Garuda ordered 27 new aircraft to support its network. In 2013 we brought in 24 new aircraft and in 2012 we had a total of 22 new aircraft. These aircraft were bought to expand our flight networks, both internationally and domestically, which was also aimed at increasing the country’s connectivity, as well as the economy in remote areas.”

Garuda has blamed its poor financial performance on jet fuel price volatility, a sliding Indonesian Rupiah and difficult interest rates.

admin
By admin July 29, 2014 13:32