SIA and Garuda Indonesia commercial joint venture approved
Singapore Airlines (SIA) and Indonesia’s Garuda International have received regulatory approval for their upcoming joint venture, including potentially operating joint revenue sharing flights between the two countries, and extending existing codeshare agreements.
Validation from the Competition and Consumer Commission of Singapore (CSSS) will now allow the airlines to “deeper their strategic partnership on a wider range of commercial activities,” explained SIA. The new regulatory permission formalises an agreement first signed in 2023, with both carriers since embarking on reciprocal loyalty schemes and joint marketing initiatives.
“Having regulatory approval as the first step in a commercial agreement will provide more opportunity for developing well-executed strategic ideas,” commented Irfan Setiaputra, president and chief executive officer at Garuda Indonesia. He added his hopes that the collaboration “may deliver concrete action to contribute boosting Indonesian tourism activities, which will support the post-pandemic economic recovery process”.
Goh Choon Phong, chief executive officer at SIA, added that the regulatory approval would deepen the parties’ collaboration across a wider scope of commercial activities, underscoring both airlines’ commitment to improving connectivity “between Indonesia and Singapore and beyond”.
