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's European Route Plans on Hold?
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
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

SITE PATA ASITA
Bali News

Garuda's European Route Plans on Hold?

World Economic Woes may Delay Garudaís Plans to Fly to Europe in 2010.


Bali News:
Click Image to Enlarge

(10/18/2008)

The CEO of Garuda Indonesia has hinted to Bisnis Indonesia that his airline's plans to rebuild its truncated international route system may be postponed by the current world-wide economic upheaval and its resulting fallout effect on international aviation.

Emirsyah Satar said a final decision on future route expansion would only be taken after the state-owned airline finishes evaluating the extent of the current economic crisis. Previously announced plans called for Garuda to open services to Madras, India this year followed by the resuscitation of their routes to Amsterdam in 2010.

Emirsyah confessed that the current economic crisis is having a major impact on the cost of leasing aircraft due to liquidity problems among financial institutions.

Garuda's currently flies to a number of foreign ports-of-call including Japan, South Korea, the Middle East, China, and Australia utilizing Airbus 330, Boeing 747 and Boeing 737-800NG equipment.

And, while the world-wide economic downturn may dampen Garudaís appetite for international expansion, Emirsyah says plans for developing the domestic market remain on track. Garuda's CEO explained: "While the international market remains problematic, it's a proven fact that the domestic market continues to expand. Also, because Indonesia is an island nation the people will always require flight services."

Emirsyah told the press that he will monitor the domestic market closely for any signs that the economic crisis is widening and somehow affecting the domestic air market. Internationally, he believes the current international downturn will last for one to three years.

Garuda has already confirmed orders for ten Boeing 737-300ER aircraft at a value of US$2.3 billion, intending to use these planes for flights to Europe and the U.S.. Scheduled for delivery in 2010, it remains to be seen if liquidity problems from Garuda's leasing partners will stymie plans to bring these new aircraft on line.


© 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
Have You Seen This Man?
Police in Bali Searching for American Who has Escaped Baliís Kerobokan Prison
(12/10/2017)
Dear Mr. President
PHRI-Bali Writes to President Joko Widodo Seeking Urgent Assistance to Bali Tourism
(12/10/2017)
Christmas at the Bali Safari & Marine Park
Special Offer from Bali Safari and Marine Park Through January 3, 2017 for the Domestic Market
(12/11/2017)
Your Better Not Shout! You Better Not Cry!
Bali Collection Holds Santa Fun Run at Nusa Dua Sunday, December 17, 2017
(12/10/2017)
Mate, What Volcano?
Garuda Indonesia Says Demand for Bali as a Holiday Destination ex Australia Remains Strong Despite Mt. Agungís Recent Volcanic Activity
(12/10/2017)
Keep Calm. Itís Only a Volcano
Editorial: Bali and the World Needs a New Way of Thinking About Volcanoes
(12/12/2017)
Painted Men and Boys
Young Men from Tegallalang, Bali Paint their Bodies to Ward Off Both Personal and Public Demons in Ngerebeg Procession
(12/10/2017)
Fake News on a Local Level
PHRI Karangasem Chairman Claims of Closed Hotels Strongly Refuted and Rejected by Alila and Amankila Hotels
(12/10/2017)
Counting the Damages
Officials Calculate the Cost of Tourism Losses from 2.5-day Closure of Baliís Airport
(12/10/2017)
No More Traffic Jams in Ubud
A Very Quiet Ubud Awaits the Return of Tourists
(12/10/2017)
Let there Be Light!
ITDC Hosts Nusa Dua Light Festival December 5-24, 2017
(12/10/2017)
The Road Less Traveled
Bali Toll Road Traffic Volume Down 25% Due to Lower Visitor Totals
(12/10/2017)
All [News]!