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Garuda Indonesia To Bring 35 New Atr 72-600 Turboprop Aircraft Into Its Fleet

October 2, 2013
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Law Firm Hanafiah Ponggawa and Partners (HPRP), with Mr. Andre Rahadian as the partner in charge, is delighted to announce HPRP’s involvement as legal counsel in assisting PT Garuda Indonesia (Persero), Tbk. (Garuda Indonesia) in the purchase of 35 new ATR 72-600 turboprop aircraft from a European aircraft manufacturer, Avions de Transport Regional (ATR) through a Danish leasing and financing company, Nordic Aviation Capital (Nordic).

Taking place in Jakarta on 1 October 2013, Garuda Indonesia, ATR, and Nordic signed the aircraft procurement agreement in a deal which is worth approximately USD840 million, as witnessed by the Indonesian State-Owned Enterprise Minister, the Indonesian Deputy Minister of Transportation, and the French, Italian, and Danish Ambassadors for Indonesia.

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The delivery of 35 new ATR 72-600 turboprop aircraft consisting of 25 “firm order” aircraft and 10 “options” aircraft, 2 (two) of which will arrive next month, is in line with Garuda Indonesia’s commitment as a national flight carrier to keep improving national connectivity in accordance with the MP3EI (Masterplan for Acceleration and Expansion of Indonesia’s Economic Development) Program, expanding Garuda Indonesia’ flight systems to the center of new economic growth within Indonesia’s regions.

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