Garuda Indonesia concludes deal and mandate for 10 aircraft with Standard Chartered Bank

2 February 2011, Singapore – PT. Garuda Indonesia (Persero) (“Garuda Indonesia”) and Standard Chartered Bank (“Standard Chartered”) have closed multi-million dollar sale and leaseback arrangements for four Boeing 737-800 Next Generation (NG) aircraft. Standard Chartered Bank assisted Garuda Indonesia in acquiring and leasing the aircraft through Pembroke Group Limited, the Bank’s aircraft leasing, financing and management subsidiary.

Following the successful closing of the first transaction, the airline has awarded Standard Chartered a second sale and leaseback mandate for six Boeing 737-800 NG aircraft. The aircraft are scheduled to be delivered from......

---------------------------------------------------------------------------------------------------------------------------
Visit myairlease.com for Aircraft, Engines and APUs available for Lease and Sale!
---------------------------------------------------------------------------------------------------------------------------