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 Finalizing Acquisition of Star Air
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 Finalizing Acquisition of Star Air

Unable to Reach an Agreement with Linus Airways, Garuda Moves Ahead with Purchase of Defunct Star Air.


Bali News: Garuda Finalizing Acquisition of Star Air
Click Image to Enlarge

(6/22/2009)

Unsuccessful in its bid to reach an agreement that would allow the purchase of 100% of the shares of Linus Airways, the national air carrier Garuda Indonesia is reported to be near finalizing an agreement to purchase Star Air. Both Linus Airways and Star Air ceased operations in 2008. Garuda is seeking to purchase the operating licenses of an existing Indonesian carrier as a "fast track" solution to the lack of an airline operating license and other licenses needed for its low-cost subsidiary Citilink.

Quoted in Bisnis Indonesia, the Director General of Civil Aviation, Herry Bakti S.Gumay, said, "at this moment, Garuda is processing the purchase of Star Air, an airline deemed to fit the criteria set by Garuda."

In selecting Star Air over Linus Airways, Herry explained that the state-owned Garuda considered the purchase of Star Air as a cleaner purchase, less encumbered with debts and in possession of a route system that can be used by Citilink.

Herry told the press he supports the acquisition of Star Air, providing the purchase can be finalized before June 25, 2009. "Because on June 25th the Airline Operating License (Surat Izin Usaha Penerbangan) of Star Air will be automatically revoked after one year on non-operation," he explained.

The Civil Aviation Department is reportedly poised to finally revoke the operating licenses of 17 long-grounded Indonesian airlines, including the Bali-owned Air Paradise International.

Star Air was established under a license obtained by travel entrepreneur Ale Sugiarto together with PT Tri Pusaka Abadi and PT Habitat Saga Perkasa. Prior to its cessation of services in 2008, Star Air operated four Boeing 737 aircraft flying on routes between Jakarta – Pekanbaru, Jakarta – Balikpapan, Jakarta Medan, Jakarta – Surabaya, and Jakarta-Denpasar-Kupang.

Speaking to Bisnis Indonesia, the Chief Operating Office or Garuda, Emirsyah Satar, admitted that he is in the final process of acquiring one of Indonesia's grounded carriers, but refused to confirm if Star Air was the leading candidate for that purchase. He did explain to the press that whichever airline is finally purchased, it will offer legal, route and other business advantages to Garuda Indonesia.

Air Operating Certificate Soon to Be Revoked

Tri S. Sunoko of the Director General of Air Transportation told Bisnis Indonesia that Star Airs air operators certificate has already been revoked by the government. However, the airline's Operating License (SIUP) remains valid until June 25, 2009.

Another Garuda source confirmed that a deal was nearly done with Star Air who have put forth a lower price for its business than other possible candidates, such as Linus Airways.

Some airline observers are predicting that the new name of the subsidiary of Garuda will become Star Air Citilink, once the acquisition becomes final.


© 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
Murder at Bali Emerald Villas in Sanur, Bali
Long-Time Bali Resident Bob Ellis Murdered in What Police Believe was Murder-for-Hire Scheme Orchestrated by His Wife, Noor Ellis
(10/24/2014)
Fighting Malaria in Bali
Denpasar Health Officials Undertake Educative Steps and Fogging to Prevent Upswing in Dengue Fever Cases
(10/24/2014)
November Fuel Price Hike Increasingly Certain
Kompas.com Reports Premium Fuel Prices to Increase 46% on November 1, 2104
(10/24/2014)
Harmony Inside
A Solo exhibition by I Made Wiradana, "Harmony Inside" November 20 - December 18, 2014 at Ganesha Gallery – Four Seasons Resort Jimbaran
(10/24/2014)
Living in an Age of Contagion
Bali Isolates Patient Suspected of Contracting MERS-CoV
(10/24/2014)
Denpasar to Dili Daily
Garuda Starts Daily Flights between Bali and Timor Leste
(10/24/2014)
Picking Fave – orites
Archipelago International Opens 5th Favehotel in Bali
(10/24/2014)
Bali and Beyond: Reading on Borneo
Bookshelf: 'Looking for Borneo' – Insights into the Endless Beauty of the World’s Third Largest Island
(10/24/2014)
Adolescent Desires
Australian Philip Robert Grandfield Deported to Australia After Six Years in Prison on Pedophilia Conviction
(10/24/2014)
Change Has Gotta Come
Putting Bali’s Illegal Moneychangers Out of Business
(10/24/2014)
It’s Beginning to Look a Lotte Like Christmas
BIWA Christmas Bazaar at Lottte Mart Saturday, November 16, 2014
(10/24/2014)
Heinz's 100 Varieties of Indonesian Cuisine
Bookshelf: A New Approach to Indonesian Cooking by Heinz von Holzen
(10/20/2014)
All [News]!