Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Garuda To Go Public by 2003?
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
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

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

Garuda To Go Public by 2003?

National Carrier Still on Target for Stock Market Listing in 2 Year's Time.

Bali News:
Click Image to Enlarge


Garuda Indonesia remains optimistic that it will be successful in its bid to be a publicly listed company by the year 2003.

Mr. Bachrul Hakim, the commercial director of the airline recently insisted that his company would maintain its profitability, take itself public in 2003, and avoid going to the Government for any further financial support. Citing the professional management culture now prevailing at Garuda and the Company's current financial performance, the airline's commercial director was buoyant that the target to "go public" set for the carrier in 1998 would happen on schedule in 2003.

Garuda controls 60% of the Indonesian domestic air market over the routes it operates or 45% of capacity on all domestic routes.

After losing Rp. 2.2 trillion in 1998, the airline managed a dramatic turn around the following year, recording a profit of Rp. 409 billion - the first profitable year in many years for Garuda. While currency exchange losses caused a loss of Rp. 78 billion in the fiscal year 2000, a modest profit of Rp. 46 billion was logged in for 2001.

Rules issued by the Indonesian Stock Market require three years of sustained profitability before a company can make an initial public offering.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


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
Cherishing the Children
St. Regis Resort Bali and Laguna Resort & Spa Raises More than $20,000 for UNICEF at Lavish Beachside Moonlight Dinner
Itís a Bali Holiday
Official National Holidays and Shared Holidays in Indonesia for 2017
Me and My Guitar
West Bali Police Send Home 18 Punkers on a Personal Sojourn in Bali
Passport to a Clean Bureaucracy
Indonesian Immigration Service Joins the Anti-Corruption Campaign
Welcoming the Ultra-rich to Indonesia
Indonesia Eases the Rules for the Visits by Private Yachts and Private Aircraft to Indonesia
Those in Knead
Bali Culinary Professionals Teach Bali Orphans How to Bake
A Galactic Calamity
Garuda Indonesia Ban Samsung Galaxy 7 Smart Phones from all Flights
Copping it for Murdering a Copper
David Taylor and Sara Connor Headed for Day in Court in Murder of a Balinese Policeman
Seeking New Connections
Provincial and Regency Sources Scramble to Raise Fund to Replace Pedestrian Bridge Between Nusa Lembongan and Nusa Ceningan
A Very Bad Exchange
French Exchange Student Arrested in Bali for Stealing a Motorcycle
Snake or Lizard?
Strange Reptile that Visited Bali Policemanís Home Has People Wondering: Is it a Snake or a Lizard?
Under Suspicion Again
Bali Police Acted Outside the Law in Halting Property Fraud Investigation Against Actor Jeremy Thomas
All [News]!