Garuda’s Citilink plans fleet of 24 A320s by end of 2013

Garuda Indonesia budget unit, Citilink, plans to lease 24 A320s before the first of the 25 A320s Garuda is purchasing from Airbus is delivered in 2014. Citilink, which is currently a unit of Garuda but will be separated out and converted into a subsidiary company in 1Q2012, took delivery of its first leased A320 in Aug-2011. A second A320 is being delivered this week and two more will be delivered by year-end, giving Citilink a fleet of four A320s and six B737s. Garuda CEO Emirsyah Satar says Citilink is projected to have a fleet of 14 A320s by the end of 2012. The fleet plan envisions 10 additional A320s for 2013, including the six which Garuda recently secured as part of a deal with GECAS. [more - CAPA analysis]