Ongoing Restructuring, Garuda Indonesia Returns Two Boeing 777-300 ER Aircraft To Lessor

President Director of PT Garuda Indonesia (Persero) Tbk Irfan Setiautera. (Photo: Doc. Antara)

JAKARTA - PT Garuda Indonesia (Persero) Tbk will return two Boeing 777-300 ER aircraft to the lessor. The return of the fleet is a follow-up to the restructuring and negotiation process currently being carried out by the company.

President Director of PT Garuda Indonesia Irfan Setiaputra said one of the two planes had been returned last week. The B777-300 ER aircraft with registration number PK-GIE departed on Sunday, February 13, at 16.00 WIB from Soekarno Hatta International Airport, Jakarta to Victorville, California.

"The national airline Garuda Indonesia has returned one Boeing 777-300 ER from a total of 2 fleets that will be returned as part of the follow-up to the early termination negotiation agreement or the acceleration of the return of the fleet with Altavair, which is one of the lessors," he said via text message, Thursday. , February 17th.

Furthermore, Irfan said that one aircraft with the same series is planned to be returned next month.

"The return of the second B777-300 ER is planned to be carried out in March 2022," he explained.

Through the steps to accelerate the return of the fleet, said Irfan, Garuda Indonesia will continue to intensify negotiations with other lessors, especially regarding the plan to accelerate the return of the fleet, referring to the applicable legal and compliance aspects.

"This is in line with the company's commitment to optimizing the fleet restructuring strategy in line with the business transformation steps and performance recovery that are being carried out in order to make Garuda Indonesia an increasingly agile, adaptive and competitive business entity," he said.

Irfan said, one of these focuses was done by adjusting production equipment to the projected market needs in the new normal era in accordance with the long-term strategy contained in the Company's future business plan.

"Of course, getting an agreement on steps to accelerate the return of the fleet with the aircraft lessor is a positive signal for the acceleration of Garuda Indonesia's performance recovery, which was also achieved through negotiations and communications that took place constructively and solidly by prioritizing the interests of all parties," he said.

Irfan said that this step is a special optimism for Garuda Indonesia, in the midst of performance recovery steps which are currently also being optimized through the ongoing PKPU process.