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  • Indonesia Investments Report - March 2025 Edition

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  • Garuda Indonesia Plans Expansion through Rights Issue in Semester II-2013

Garuda Indonesia Plans Expansion through Rights Issue in Semester II-2013

20 February 2013 | 
  • House of Representatives
  • Rights Issue
  • DPR
  • Indonesia Stock Exchange
  • IHSG
  • Aviation
  • Garuda Indonesia
  • Airline

State-controlled airline Garuda Indonesia plans to raise capital through a rights issue in semester II of this year. Funds assembled through this issue will be used to expand the company's fleet. In 2011, Garuda issued 30 percent of its shares on the Indonesia Stock Exchange (IHSG) although the House of Representatives (DPR) had in fact approved up to 40 percent. The remaining 10 percent will thus be sold this year.

Garuda is Indonesia's only top-class airline, having a four-star review from Skytrax. The airline announced an aggressive expansion plan labeled 'Quantum Leap' in 2009. Please visit its company profile for a detailed report about Garuda.

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