Purchasing 4 Boeing 777-300ER Garuda Indonesia funded by financial companies of Kuwait

The Aviation News. Garuda Indonesia in cooperation with ALAFCO to finance the purchase of four Boeing 777-300ER will be operated to serve long-haul flights. ALAFCO is a leasing and financing company based in Kuwait. 4 units of the aircraft is part of the 10 Boeing 777-300ERs that are purchased directly by Garuda Indonesia from Boeing aircraft manufacturer in the United States.

Garuda Indonesia, Boeing 777. AeroTourismNews | Purchasing 4 Boeing 777-300ER Garuda Indonesia funded by financial companies of Kuwait.

PT Garuda Indonesia in collaboration with the leasing and financing company from Kuwaiti, Aviation Lease and Finance Company (ALAFCO) for permbelian new fleet. Garuda Indonesia will use the facilities of the Middle East's corporate finance to purchase four Boeing 777-300ER aircraft that will serve long-haul flights. According to President Director of Garuda Indonesia, Emirsyah Satar, four aircraft are part of the 10 aircraft of the same type are ordered from Boeing. "Previously Garuda Indonesia is already signed aircraft purchase agreements with Boeing up to 2015," he said, Monday, April 22, 2013.

Emirsyah Satar said that the fleet expansion is in line with the company's long-term program to revitalize the fleet. Emphasized that this is also in accordance with plans of Garuda Indonesia to expand its flight network. "Two Boeing 777-300ER aircraft will arrive June," he said.

Two aircraft will begin to be operated for the route Jakarta-Jeddah in July 2013, specifically to serve Umrah flight. This aircraft has a capacity of as many as 314 passenger seats. Consists of 8 seats for First Class, 38 seats for Business Class, and 268 seats for Economy Class. The two other aircraft will arrive in late 2013. Two of these aircraft will serve the route Sydney-Jakarta-London began the fourth quarter of 2013.

Chairman of ALAFCO, Ahmad A Alzabin, admitted that the signing of cooperation with Garuda Indonesia is the first transaction did in Indonesia. "We hope this cooperation can continue, in line with Garuda Indonesia's growth plans in the future," he said.

Financing will be provided by ALAFCO to Garuda Indonesia is using sharia scheme. However, the management of both companies declined to mention contract used and the results of the two companies.

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