Close
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 & Merpati to Merge?
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 & Merpati to Merge?

Re-merging Garuda Indonesia and Merpati Nusantara Airlines Under Consideration by Government.


Bali News: Garuda & Merpati to Merge?
Click Image to Enlarge

(11/19/2001)

The State Minister for State-Owned Enterprises, Mr. Laksamana Sukardi, has recently endorsed the idea of merging Garuda Indonesia and Merpati Nusantara Airlines.

Underlining that such a move would first have to be subject to careful scrutiny, the Minister said both companies now have their own respective corporate cultures and any potential synergy resulting from such an amalgamation would have to reduce costs and add to the overall efficiencies of both carriers.

Minister Sukardi was speaking at a thanksgiving ceremony held in connection with the recently approved restructuring of US$1.8 billion in Garuda's debt that successfully extended the repayment period from 12 to 16 years. Escaping the threat of imminent liquidation, Garuda Indonesia received final permission to restructure its debt last week from the High Courts of London and Singapore. Mr. Abdulgani, the President Director of Garuda, recently told the press that permission to restructure their corporate debt was based on his airline's dramatic turn around achieved over the past 3 years that managed to reduce costs, obtain Federal Aviation Administration (FAA) certification, be named the best on time airline at Amsterdam Schiphol airport, and win a "crisis busting" award from Travel Weekly East magazine.

Garuda's boss has publicly expressed his scepticism regarding the merging of the two airlines in light of the unfavorable results of recent financial and management audits of Merpati.

The next step in Garuda's financial salvation include plans for the privatization of airline 2003, providing the necessary capital to repay its debt and finance expansion plan for the national carrier.


© 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
Heinz's 100 Varieties of Indonesian Cuisine
Bookshelf: A New Approach to Indonesian Cooking by Heinz von Holzen
(10/20/2014)
We Get More Mail!
Folly has its Price. Spirited Comments of Disaffection Continue to Flow in About Bali’s Newly Renovated Airport
(10/20/2014)
Who Owns Bali’s Heritage
Legality of Badung Regency Funding of Taman Ayun Questioned by Badung Legislator
(10/19/2014)
The Gods Must be Irritated
French Climber Evacuated From Upper Slopes of Mount Agung
(10/20/2014)
Sauvetage en Mer
Bali Lifesavers Show Their Skills at International Surf Rescue Games in France
(10/19/2014)
Chefs Al Fresco in Sanur Bali
Bali Culinary Professionals to Meet at Swiss-Belresort Watu Jimbar on Saturday, October 25, 2014
(10/23/2014)
World Travel Agents to Meet in Bali
United Federation of Travel Agents to Meet in Bali November 16-19, 2014
(10/19/2014)
Travel May be Ebola’s Biggest Victim
Editorial: In the Unfolding Ebola Epidemic Crisis the Most Deadly Symptom May be Fear
(10/20/2014)
Human Charity – On the House
‘Together as One’ Fun Run Raises More than US$9.000 to Improve Housing for the Poor in Bali
(10/19/2014)
Passing Gas
Denpasar, Bali Mayor Joins Chorus Urging Port of Benoa Not be Used for LNG Depot
(10/19/2014)
Ignoring the Protests
Tirta Wahana Bali International to Go Ahead with Benoa Bay Reclamation Project
(10/19/2014)
Ease of Access
Indonesia Fails to Enforce Rules on Handicapped Access
(10/18/2014)
All [News]!