Garuda target to raise US$400 milion from IPO

Garuda Indonesia target to raise US$400 milion from initial public offering.
CEO Garuda Emirsyah Satar today says via short message service that the percentage of the share depend on company valuation
This year, Garuda planned to spend US$630 million to procure 14 Boeing 737-800 airplanes.
Garuda targets its revenues at IDR22.31 trillion for this year, rising 15% from last year, thanks to partnerships with several companies in Indonesia.