Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Garuda Pays its Bills
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Garuda Pays its Bills

Increased Passenger Loads Allow Garuda to Keep Debts Current.


Bali News:
Click Image to Enlarge

(1/5/2004)

Garuda Indonesia Airways carried 7,299,072 passengers system-wide in 2003, an increase of 4.9% as compared to total passenger uplifts just one year earlier. Improved loads in 2003 made it possible for Indonesia's National Carrier to pay its rescheduled debt amounting to US$ 66,9 million.

In 2003, Garuda carried 5,516,586 domestic passengers and 1,712,486 international passengers. The breakdown of international passengers carried equaled 823,103 Southeast Asian originating passengers, 126,218 Europeans, 261,868 South Koreans and Japanese, 209,126 Middle Eastern travelers, and 283,171 Australians and New Zealanders.

Loan Obligations Met

On December 22, 2003, Garuda paid US$ 44.2 million and Indonesian Rupiah 66.7 billion (approximately US$ 7.84 million) to JP Morgan. At the same time, the Airline paid US$ 2.4 million to the European Credit Agency (ECA). One week later on December 29, 2003. Garuda also paid US$ 2.5 million to EDC (Tranch A) and US$ 648,700 to EDC Tranch B.

December also saw Garuda pay Rp. 64.9 billion (approximately US$ 7.64 million) in convertible bonds due to a syndicate of local banks and Angakasa Pura I & II - the operators of Indonesia's main air terminals.

In accordance with the debt restructuring scenario formalized by the Airline, some US$ 110 million of in debt must be repaid each year for the next seven years.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Stranger, Now Gardening in Paradise
Made Wijaya – Australian Who Adopted an Island that Also Adopted Him – has Died in Sydney Australia
(8/28/2016)
Mass Insanity
Bali Put on Guard Following Failed Bombing Attack on North Sumatra Catholic Church
(8/28/2016)
The Risk of Lending Your Name
'Tax Amnesty' Complicates the Position of Nominee Property Owners in Bali
(8/28/2016)
Hog Heaven?
Island Life: East Bali Farmer Spends His Days Going Door-to-Door with his Pig on a Leash
(8/28/2016)
Bring Your own Plane to Indonesia
Indonesia Declares Intent to Ease Application Process for Private Aircraft visits
(8/28/2016)
Can Ya Run Faster than a Kenyan?
Kenyan Julias Kangethe Mbugua Overall Winner of 5th Maybank Bali Marathon. More Race Results
(8/28/2016)
Spice and Everything Nice
Bali Restaurateur to Open Second Spice by Chris Salans in Sanur in September 2016
(8/28/2016)
Classical Elegance Comes to Bali
Pascal and Ami Rogé to Perform Classical Piano Pieces at Ubud and Kuta Padma Resort on September 10-11, 2016
(8/28/2016)
Passage from India
Indonesia Tourism Ministry Says Indian Arrivals will Increase with Direct Flight Connections
(8/28/2016)
Trial for Errors
Evidence Files for Foreign Couple Charged with Killing a Bali Policeman Set to be Handed to State Prosecutor
(8/28/2016)
See Indonesia by Sea
PT Pelni Promoting Cruise Programs on its Fleet of Vessels to Selected Indonesian Destinations
(8/28/2016)
Ships Ahoy!
Tourism Minister: Urgent Need to Deregulate Marine Tourism
(8/28/2016)
All [News]!