Garuda Indonesia and Singapore Airlines propose joint venture agreement to deepen commercial partnership 

Garuda Indonesia (GA) and Singapore Airlines (SIA) today announced plans to enter  into a joint venture arrangement that would 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 will expand on the  Memorandum of Understanding (MoU) that the two airlines signed in November  2021.

It 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.
Irfan Setiaputra , President and Chief Executive Officer, Garuda Indonesia, explained, “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.”

“The joint venture agreement is also a part of our effort to improve our company’s performance through our network strategy by optimising our network through  partnernship with our strategic airline partners, especially Singapore Airlines. With  this initiative, both airlines agreed to further explore more advantages for both our customers, allowing them to enjoy various flight schedules with enhanced value  services within the networks of Garuda Indonesia and Singapore Airlines.

“On top of that, 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.”

Goh Choon Phong, Chief Executive Officer, Singapore Airlines, said: “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. Our customers will also enjoy even more benefits, including  an improved level of network connectivity, enhanced travel convenience, and  additional fare options.”