Indonesia air carrier Garuda to invest $2.5b in fleet expansion; plans $500m global bond issue

Indonesia air carrier Garuda to invest $2.5b in fleet expansion; plans $500m global bond issue

Photo by Garuda Indonesia

State-owned flight carrier PT Garuda Indonesia Tbk (GIAA) is in the process of a $2.5-billion fleet acquisition plan as it looks to add 50 new aircraft to replace its older fleet.

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