Garuda Indonesia ATR 72-600
Garuda Indonesia will file for an initial public offering (IPO) in April. The Indonesian flag carrier is hoping to raise 1.6 trillion rupiah ($135 million) from a rights issue, according to its stock exchange filing. Garuda, which has undergone what it calls a Quantum Leap business transformation program over the last three years, will issue 3.2 billion shares through joint underwriters Bahana Securities, Mandiri Sekuritas and Danareksa. The airline said that 80% of the cash raised would be ...
Subscribe to Access this Entire Article
"Garuda Indonesia looks to IPO in April" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.