Garuda orders 14 Airbus aircrafts for $4b, Rolls Royce $1.2b
JAKARTA (TheInsiderStories) – State Own flight carriers PT Garuda Indonesia Tbk (IDX: GIAA) has confirmed an order with Airbus for the purchase of 14 units of A330-900neo, the new re-engined version of the best-selling A330 wide body airliner for $4 billion, to support the company’s growth and business expansion in the future.
The deal was signed at a ceremony in London in the presence of the President of Indonesia Joko Widodo and British Prime Minister David Cameron MP. The deal is the latest milestone in a long standing partnership dating back more than 30 years, when the airline took delivery of its first Airbus A300.
Garuda Indonesia plans to use the A330neo to develop its medium and long haul network, with the aircraft offering cutting edge technology along with more efficient operations. The order replaces and extends an existing order for seven A330-300 aircraft. The A330neo will be delivered from 2019 onwards.
Arif Wibowo, CEO of Garuda Indonesia explained, “This order restructuring is believed to support our continued commitment to deliver the most modern, comfortable and excellent air travel service to all customers as well as to strengthen the sustained positive growth and business expansion of the company.”
Prime Minister David Cameron said: “This deal underlines the increasing importance of our ties with Indonesia – a fast growing economy and set to become the seventh largest in the world by 2030.
“We are delighted to welcome Garuda Indonesia as a new customer for the A330neo,” Airbus Chief Operating Officer Tom Williams said.
The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family with first deliveries scheduled to start in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefiting from the unbeatable economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, long range widebody aircraft on the market.
In addition to greater fuel savings, A330neo operators will also benefit from a range increase of up to 400 nautical miles and all the operational commonality advantages of the Airbus Family.
At the same time, Garuda Indonesia signed an agreement with Rolls-Royce for the utilizaiton of Trent7000 machines worth $1.2 billion that will be used by A330-900neo, repalcing A330-300. The two parties also seek cooperation for aircraft maintenance, reparation and overhaul (MRO) as well as on improving skills capacity of Garuda officers working at MRO unit, under GMF AeroAsia.
The agreement was signed by Garuda Indonesia and Airbus as well as with Rolls-Royce is part of the realization of cooperation between EU and Indonesiia.
Garuda’s President Arif Wibowo said the cooperation with Rolls-Royce is an important step undertake by Garuda in revitalizing its fleets as an important step to improve aircraft MRO competence.
Initially, the MRO Collaboration will encompass part repairs compressor vanes, compressor blades and Tiled Combustor (FCL) and will be further deepened.
The skill development will cover education and training such as international learning experience, business leadership development program as well as the development of GMF Academy, as part of the Garuda Group. (*)
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Source: The Insiderstories
Garuda orders 14 Airbus aircrafts for b, Rolls Royce .2b