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 · Would You Like to Buy Shares in Garuda?
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

Would You Like to Buy Shares in Garuda?

National Carrier Plans an IPO for Early 2009.


Bali News: Would You Like to Buy Shares in Garuda?
Click Image to Enlarge

(8/8/2008)

PT Garuda Indonesia plans to make an initial public offering (IPO) of its shares early in 2009 as part of the Company's overall restructuring program.

Speaking to the press, the CEO of Garuda Emirsyah Satar, said: "the privatization option via an IPO will take place next year, although the actual process is in the hands of the Minister for State-Owned Enterprises as the Chief shareholder of Garuda."

The details of the IPO are currently being discussed by the Airline's management and its director. Among the items on that agenda include the actual number of shares to be offered to the public. "The management view is that no more than 51% of the Company's shares should be put on offer," added Emrisyah.

Emrisyah used his meeting with the press to highlight how Garuda's financial performance is demonstrating real improvement, recording a Rp. 258 billion (US$27.9 million) profit in 2007. This is a dramatic turn around from the three consecutive years of substantial losses booked in 2004 (Rp. 811.3 billion), 2005 (Rp. 688.4 billion) and 2006 (Rp. 197 billion).

Adding further merriment to the atmosphere of Garuda's board room are estimates that the Airline is projecting a Rp. 516 billion (US$55.8 million) profit for the entire year of 2008. Garuda is citing increased seating capacity, improved efficiency and a widening market as the main forces behind its improving fortunes.

Garuda has signed agreements for the lease of 50 Boeing 737-800 slated for delivery in 2009 and 10 Boeing 777-30ER slated for delivery in 2010.

Prior to the 2009 IPO Garuda is hoping to have successfully renegotiated its debt of more than US$800 still owed to European creditors.


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


 
UBUD WRITERS & READERS FESTIVAL
 
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
Bolllywood is Calling!
Indian Consul General to Bali Invites Indian Film Industry to Shoot Film Projects in Bali
(8/27/2014)
Tourists Who Shop ‘Till They Drop
Indonesia Needs More Great Sales and Events to Expand Tourist Travel
(8/27/2014)
Major Bali Condotel Deal Signed for Jimbaran
121-Room and 121-Suite Springhill Condotel at Green Jimbaran to be Managed by Australian Mantra Hotels Group
(8/27/2014)
GWK Reopens
Demonstrators Reopen Access Road to Garuda Wisnu Kencana Park in Bali
(8/26/2014)
Join a Table of Chefs
Bali Culinary Professionals Monthly Gathering August 30, 2014 at Basilico Prama Sanur Beach Restaurant.
(8/25/2014)
Roadblock Ahead
Angry Local Residents Close Access Road to Garuda Wisnu Kencana Park in Bali
(8/24/2014)
Chefs Who Play Golf
Bali Culinary Golf Tournament January 18-20, 2014
(8/24/2014)
Coming Bubble for Condotels in Bali?
Bali to Soon Have 13,000 Condotel Units
(8/24/2014)
Better Safe than Sorry
Bali Hotels Warned to Obtain Security Management Certification
(8/25/2014)
Winning Combination
Joko Widodo & Jusuf Kalla Declared Winners of Presidential-Vice Presidential Race by Indonesian Constitutional Court
(8/24/2014)
Presidential Summit
President SBY and President-elect to Hold First Confab in Bali August 27-28, 2014
(8/24/2014)
Lost and Presumed Dead
2 Presumed Lost as Search Abandoned for Survivors of Komodo Cruise Boat Sinking Near Sangeang Island
(8/25/2014)
All [News]!
 
Tourism and Transport Tourism Agents