StanChart, Garuda ink deal to boost expansion

Standard Chartered Bank will collaborate with Garuda to enhance the latter's Garuda Frequent Flyer customer loyalty program.

This collaboration includes the launch of a new Garuda Indonesia – Standard Chartered co-branded credit card for Indonesian customers.

The card will also be applicable in six other markets - Singapore, Malaysia, Thailand, Hong Kong, Taiwan and South Korea.

Among the benefits offered are discounts for all international and domestic routes and free aditional 5 kg baggage allowance for the executive class.

The credit card partnership follows the recent signing of multi-million dollar sale and leaseback deals by Standard Chartered Bank and Garuda for ten Boeing 737-800 Next Generation airplanes. The aircraft will be leased to Garuda Indonesia by Pembroke Lease France SAS, one of Standard Chartered Bank’s aircraft leasing, financing and management subsidiaries.