Singapore Airlines and Garuda Indonesia have announced their plan to enter into a joint venture that aims to increase passenger capacity between the two countries.
The proposed joint venture will allow the two airlines to market and operate flights on certain routes and increase cooperation between them. It is designed to provide passengers with better connectivity and convenience, improve the airlines’ ability to synchronize schedules, and explore new initiatives, such as joint fare products and an alignment of corporate programs.
The plan is expected to cover routes between Singapore and key cities in Indonesia, including Denpasar, Jakarta, and Surabaya. The joint venture could also deepen the existing cooperation between the two airlines and could lead to the expansion of joint marketing, sales, and distribution activities.
Overall, the joint venture represents a significant milestone in the airlines’ partnership, which will strengthen their presence in the Southeast Asian aviation market. It is expected to create more opportunities for both airlines to improve their offerings, exchange best practices and deliver better customer experience. Additionally, the joint venture will create a stronger foundation for long-term growth and success for both airlines.
Mr. Irfan Setiaputra, President and Chief Executive Officer, Garuda Indonesia, commented, “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.”
Mr. 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.”
