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View all search resultsEconomy in brief: Garuda inks deals worth $990m with CFM
JAKARTA: Flag carrier Garuda Indonesia and CFM International, an engine supplier and aircraft maintenance provider, inked US$990 million in deals on Sunday to supply the airline with two jet engines and for maintenance work, the airline said in a statement
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AKARTA: Flag carrier Garuda Indonesia and CFM International, an engine supplier and aircraft maintenance provider, inked US$990 million in deals on Sunday to supply the airline with two jet engines and for maintenance work, the airline said in a statement.
Garuda said on Monday that the engines would support the airline’s low-budget airline subsidiary, Citilink, from 2014 to 2018, while the maintenance contract would cover the airline’s Boeing 737-800 NG for up to 15 years.
Garuda president director Emirsyah Satar said the deal was part of the airline’s long-term effort to revitalize its fleet through quality maintenance and efficient operation.
