GE Capital Aviation Services to Lease Six Airbus A320 Aircraft to Garuda’s Citilink

Friday, 14 October 2011 20:00:34

Category: Press Release (2134 view)
Jakarta, Indonesia – GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, today announced the signing of an operating lease agreement for six new Airbus A320 aircraft with Garuda Indonesia’s Citilink unit. The aircraft will be powered by CFM56-5B engines.

The aircraft comes from GECAS’ existing order book with Airbus and are scheduled for delivery in the first half of 2013.

The agreement wa signed by Citilink Garuda EVP Finance and Citilink CEO Elisa Lumbantoruan, and GECAS Asia Pacific VP Sales David Settergen. It was witnessed by Emirsyah Satar, President & CEO Garuda Indonesia and Norman Liu, President & CEO of GECAS.

“This agreement is part og Garuda’s ongoing fleet revitalization with brand new aircraft from Airbus and Boeing,” said Emirsyah Satar, President & CEO Garuda Indonesia. “These aircraft will help modernize Citilink with new, reliable aircraft.”

“Garuda Indonesia is a valued customer and we’re pleased to be playing a role in their fleet modernization,” said Norman C.T. Liu, GECAS President & CEO. “Over the last couple of years, we have signed agreements totaling 17 new 737-800 aircraft and we are proud to welcome Citilink as a new logo among our customer base. We look forward to our continued association with both Garuda and Citilink in the years ahead.”

Garuda Indonesia, the national flag carrier of Indonesia, is a full-service network carrier serving 32 domestic and 17 international destinations. The airline’s main hubs in Indonesia are located in Jakarta, Denpasar, and Makassar. In July 2009, the airline unveiled a new aircraft fleet, new in-flight product, new service concept and a fresh corporate identity to mark the start of its transformation into one of Asia’s most successful and profitable airlines.

Garuda Indonesia received its IATA Operational Safety Audit (IOSA) certification in May 2008, recognizing that the airline is fully compliant with global best-practice standards for flight operations, aircraft maintenance and safety management systems. In December 2009, the airline was also upgraded to a four-star rating by Skytrax, the global benchmark for airline service standards, confirming the improvement in its front-line product and service quality.

PT. GARUDA INDONESIA (Persero) Tbk.
VP Corporate Communications



PUJOBROTO
pujobroto@garuda-indonesia.com