Garuda invites tenders for financing of aircraft

Singapore
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Garuda Indonesia has invited tenders for the sale and leaseback of 10 Boeing 777-300ER aircraft, as well as for operating leases for four 737-800s and 10 Airbus A320s.

The 14 narrowbodies will be delivered between 2013 and 2016, Garuda said in a statement. It did not specify when it will receive the 10 777-300ERs it has on order.

Bids must be submitted by 12 September, but Garuda did not specify who will operate these aircraft.

The Indonesian national carrier already operates 737-800s. Its low-cost subsidiary Citilink operates 737-300s and -400s, and A320s, and has an order for 10 A320neos.