Garuda Indonesia has confirmed in an announcement to the Indonesian Stock Exchange it has accelerated the early return of two 737-800NGs to one lessor after the parties reached a mutual agreement.
President Director of Garuda Indonesia Irfan Setiaputra said, "Accelerating the return of fleets whose lease period has not yet matured is part of Garuda Indonesia's strategic steps in optimizing fleet productivity by accelerating the aircraft rental period. This is an important step that we need to take amidst performance pressures. efforts due to the COVID-19 pandemic where our main focus is adjustment to the projected market needs in the new normal era.”
"Currently, we also continue to establish communication with other aircraft lessors, of course by prioritizing the applicable legal and compliance aspects," added Irfan.
The airline is also continuing to negotiate with others lessor for aircraft that are currently grounded due to the falloff in demand. Garuda states that it operated fleet during the pandemic has decreased to 53 aircraft.