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

1-Nov-2011 9:34 AM

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]