Danantara Investigates Funding Scheme for the Purchase of 50 Boeing Garuda Aircraft
JAKARTA - Danantara Indonesia is studying various funding options to realize Garuda Indonesia's plan to purchase 50 aircraft from Boeing.
The financing scheme prepared is said not to be pinned on one particular source of funds.
Managing Director of Stakeholders Management of the Anagata Nusantara Power Investment Management Agency (Danantara), Rohan Hafas said that the sources of funding or sources of funds are very open and can be combined according to the needs of negotiations.
According to Rohan, the scheme taken is not limited to state capital participation or internal cash of the airline. Other options such as supplier's credit are also part of the discussion.
"Just mentioned two. Well, this is not that we will go there, but there is also a supplier's credit. We can also pay Boeing. Something like that, all of that is a negotiation that will have to be done," said Rohan in a discussion with the media at Wisma Danantara, Jakarta, Thursday, February 26.
Although the plan to procure the fleet has been discussed, Rohan emphasized that the main concern at this time is not only on the type of aircraft, but on the delivery time or delivery time of the unit.
He assessed that the selection of aircraft types was less relevant if their availability could not be met within the required time. Meanwhile, the additional fleet needs are considered urgent and not comparable to the global production queue.
"You want to choose which type of aircraft, if the delivery time is not immediate, we have to think about it first," he said.
Rohan emphasized that until now there has been no official order made by Garuda to Boeing. Indonesia's position is still a potential buyer because the negotiation process, especially regarding the waiting period, is still ongoing.
Furthermore, Rohan revealed that the average waiting time for aircraft delivery globally could reach seven years. Meanwhile, Indonesia needs a faster time than that.
"Because we say we need faster than 7 years, wait, 7 years wait, average queue, average of the whole world is the same," said Rohan.
Regarding the plan to purchase 50 aircraft, Rohan said the figure was still in the technical discussion stage.
Until now, Boeing has not given a definitive answer regarding the number of units they can send in the expected period.
"Yes, this is still a technical discussion. Yes, technically it means we are ready to buy 50. Boeing has not answered or will answer whether he can 10, 20, it has not yet," he said.