Garuda will also offer IDR 2 trillion (USD $204.1 million) in bonds as part of the company’s expansion plan. The bonds offer is the first part of a series of bonds amounting to IDR 4 trillion over the next two years. About 80 percent of these funds will be used to finance expansion of its aircraft fleet. The bonds, which received a national senior unsecured rating of A(Idn) by Fitch Ratings Indonesia, have a five-year maturity term and a coupon rate of between 8.25 and 9.25 percent. The bonds will be listed on the Indonesia Stock Exchange (IDX) on 8 July 2013. Joint lead underwriters are Mandiri Sekuritas and Bahana Sekuritas.

It was also announced by the company that 24 new planes will be delivered to Garuda this year and 30 more in 2014. This will raise its total fleet size to 194 in 2015, and will also be accompanied by the opening of new fly routes in Indonesia, both domestic and international. 

Meanwhile, GMF AeroAsia, a subsidiary of Garuda Indonesia, will release 30 percent of its stocks through an IPO in the second quarter of 2013. GMF AeroAsia is the maintenance unit of Indonesia's national flag carrier. The company hopes to gain about USD $100 million through the IPO.

Despite good perspectives in Indonesia's aviation sector, Garuda's stocks have fallen significantly. This year, the company's shares fell 20.31 percent.