Garuda Indonesia and Singapore Airlines will enter into a joint venture to deepen their cooperation in increasing passenger capacity between Singapore and Indonesia.
Expanding on the Memorandum of Understanding that the two airlines signed in November 2021, and subject to regulatory approvals, the proposed joint venture will cover routes between Singapore and Denpasar, Jakarta, and Surabaya.
In addition, both carriers will 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 CEO, Garuda Indonesia, commented: “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.”
He added that the collaboration will also help strengthen tourist flows between Indonesia and Singapore, making it easier for international tourists to explore South-east Asia.
Singapore Airlines’ CEO, Goh Choon Phong, said: “(This joint venture) 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.”
