Garuda Indonesia, Singapore Airlines Joint Venture Approved

‍DALLAS — Garuda Indonesia (GA) and Singapore Airlines (SQ) have received approval from Singapore’s Competition and Consumer Commission (CCCS) for a commercial joint venture agreement.

With this approval, GA and SQ will be able to deepen their strategic partnership on a wider range of commercial activities that will bring greater benefits to both airlines, as well as Indonesia and Singapore. 

“The robust strategic partnership between Garuda Indonesia and Singapore Airlines has enabled us to broaden our codeshare services over the last few years, offering our customers more choices on flights. With the CCCS’s approval, we are poised to deepen our collaboration across a wider scope of commercial activities,” said Mr Goh Choon Phong, Chief Executive Officer of Singapore Airlines.

Potential Benefits 

Potential benefits of this partnership include operating joint revenue-sharing flights between the two countries, coordinating flight schedules to offer travellers more options and seamless connectivity between Singapore and Indonesia and beyond.

Moreover, this partnership will assist in exploring joint sales and marketing initiatives that provide greater value to both airlines’ customers.

“The joint venture initiative that we are preparing today has been one of the strategies to ensure extensive value creation for our loyal customers. Having regulatory approval as the first step in a commercial agreement will provide more opportunity for developing well-executed strategic ideas,” said Mr. Irfan Setiaputra, President and Chief Executive Officer of Garuda Indonesia.

Building on Partnership  

Both GA and SQ signed an agreement to deepen their partnership in May 2023. They have been working on initiatives including giving GarudaMiles and KrisFlyer members the option to earn and redeem miles on codeshare routes. They have also embarked on joint marketing initiatives to promote tourism activities.

Both airlines codeshare on a number of flights covering several routes. This includes flights between Singapore (SIN) and Bali (DPS), Jakarta (JKT), Medan (KNO) and Surabaya (SUB). 

They also codeshare on various long-haul routes between SIN and Johannesburg (JNB), London Heathrow (LHR), and Mumbai (BOM).