Garuda Indonesia is selling four Boeing 737-400 aircraft, as it seeks to renew its fleet.
The carrier will conduct an auction for the aircraft, registration numbers PK-GWK, PK-GWM, PK-GWO, and PK-GWP, it says.
All four aircraft have CFM International CFM56-3C-1 engines and were built in 1993, says Flightglobal's ACAS database.
Garuda will publish the auction's terms and conditions on 4 March, says Garuda. Survey of the aircraft's documents and records will be held from 15 February to 8 March at Garuda's maintenance facility at Jakarta's Soekarno-Hatta International Airport, says the airline.
The carrier is retiring its older aircraft and taking delivery of new ones as it seeks to renew its fleet and expand its operations. It will take delivery of 23 Boeing 737-800 aircraft and one A330-200 aircraft this year, it says.
Garuda plans to raise $300 million through its initial public offering, which will be launched in the middle of this year, and is close to completing its debt restructuring process.
Source: Air Transport Intelligence news
