Garuda Indonesia plummets after debut; AirAsia defers delivery of 10 A320s as it plans for A320neo

Garuda Indonesia was officially listed on the Indonesian Stock Market with the code GIAA on 11-Feb-2011. The carrier’s shares were listed at IDR750 each, but fell 17.3% at the close of trading. The shares had been down as low as IDR590, but recovered during the day.

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