May 21, 2010, Taipei, Taiwan - China Airlines and Garuda Indonesia today signed a Memorandum of Cooperation providing more convenient and value-added services for passengers traveling to destinations throughout Asia. The agreement was signed at a ceremony jointly presided over by Mr. Huang-Hsiang Sun, President of China Airlines, and Mr. Emirsyah Satar, President and CEO of Garuda Indonesia. Under the new agreement, the two carriers will expand cooperation in code-sharing, operate Frequent Flyer Program, boost commercial cooperation for passenger & freight, and pilot simulator training programs.
China Airlines and Garuda Indonesia have a long history of successful cooperation dating back to 1991, when the two carriers began code-sharing on their Taipei-Denpasar, Taipei-Jakarta and Taipei-Singapore-Surabaya routes, as well as implementing inter-line check-in services, a Special Prorate Agreement for passenger and cargo. Under the newly signed agreement, the two carriers will expand the scope of cooperation, creating a mutually beneficial situation by more efficiently utilizing their resources.
Founded in 1949, Garuda Indonesia has been in successful operation for over six decades. It's the largest airline and national flag carrier of Indonesia. Mr. Satar possesses a wealth of experience in finance and banking, having worked in key managerial positions with Price Waterhouse Cooper, Citibank NA Jakarta, the Jan Darmadi Group, Niaga Factoring Corporations and Niaga Finance in Hong Kong. Mr. Satar joined Garuda Indonesia in 1998 as Executive Vice President responsible for Finance, where he oversaw the airline's financial restructuring process. In 2003, he transferred to Bank Danamon, where he served as Vice President, before returning to Garuda Indonesia in 2005 to become the carrier's President and CEO. Mr. Satar is widely admired in the industry and received the “Financial Restructuring of the Year” award from New York's Travel Finance Magazine. Under Mr. Satar's leadership, in late 2009, Garuda Indonesia received a four-star Skytrax rating to its safe, comfortable and reliable air transportation services.
China Airlines operates a fleet of 66 modern aircraft, and its high-quality global network serves 89 destinations in 29 countries. The new agreement between China Airlines and Garuda Indonesia will benefit both carriers as they seek to expand worldwide networks and increase market competitiveness. In addition to Garuda Indonesia, China Airlines also has code-share cooperation with Alitalia, Czech Airlines, Delta Air Lines, Korean Air, Thai Airways, Vietnam Airlines and Deutsche Bahn German Rail System.