Garuda Indonesia and Singapore Airlines Explore
Joint Venture
(29/05/23)
Garuda Indonesia (GA) and Singapore Airlines
(SIA) have unveiled plans to enter into a joint venture
arrangement designed to deepen the cooperation between the two
carriers, increase passenger capacity between Singapore and
Indonesia, and offer customers more travel options between the
two countries.
Subject to regulatory approvals, the proposed
joint venture will cover routes between Singapore and
Denpasar, Jakarta and Surabaya.
“This
joint venture will be a win-win arrangement that elevates the
long-standing partnership between Garuda Indonesia and
Singapore Airlines. It reflects our firm commitment to grow
the aviation markets in Indonesia and Singapore, facilitating a
greater level of business and people connections and promoting
both countries as regional tourism destinations,” said Goh Choon
Phong, Chief Executive Officer, Singapore Airlines. “Our customers
will also enjoy even more benefits, including an improved
level of network connectivity, enhanced travel convenience, and
additional fare options.”
Expanding on the MOU that the two airlines signed
in November 2021, the joint venture would allow Garuda Indonesia and
Singapore Airlines to potentially coordinate schedules between
Singapore and Indonesia, offering customers more seamless
flight connectivity between the two countries and beyond.
The
carriers will also explore the implementation of new
initiatives, including joint fare products and an alignment of
corporate programmes to enhance the value proposition to
customers.
“With the
existence of more than a decade of collaboration between these
two national flag carriers, this joint venture agreement, as a
further milestone of the partnership expansion initiative,
will certainly strengthen the commitment between the two
carriers simultaneously, delivering a seamless and valuable flying
experience to both our customers across the globe,” said Irfan Setiaputra
, President and Chief Executive Officer, Garuda Indonesia. “This deepening relationship may also strengthen
tourist flows between Indonesia and Singapore, which makes it
easier for international tourists to create their remarkable
South East Asia journey – visiting the uniqueness of
Singapore, and exploring the exoticism of Indonesia’s
multiculturalism while enjoying the beauty of the scenery
across the islands in Indonesia that awaits.”
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