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CARDS & PAYMENTS | Cesar Tordesillas, Indonesia

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.

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