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 Prepares to Spin-Off Citilink Subsidiary
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 Prepares to Spin-Off Citilink Subsidiary

Spin-off of Citilink Indonesia by Garuda to take Place After February IPO.


Bali News: Garuda Indonesia, Citilink Indonesia, Elisa Lumbantoruan, Emirsyah Satar, IPO
Click Image to Enlarge

(12/11/2010)

Garuda Indonesia has decided to proceed with a "spin-off" of its subsidiary low-cost carrier Citilink. as part of the business strategy to take the national carrier public in early February 2011.

The Director of Strategy and Technology Information at Garuda, Elisa Lumbantoruan, said the forward market for no-frill airlines is developing in such a way that is important for the Citilink Indonesia to stand on its own as an independent company.

She explained that plans to "spin-off" the subsidiary company must wait until Garuda completes is initial public offering (IPO) in February. "We will continue to seek an operating permits (SIUP) from the Minister of Transportation as one of the steps leading to a successful spin-off, but this must wait until Garuda successfully complete the IPO," she added.

Earlier, Lumbantoruan had put forth the possibility that Garuda and Citibank Indonesia would remain a single corporate entity under one operating license with two air operating certificates, similar to the structure of Qantas and Jet Star in Australia.

Currently, Citibank Indonesia is offering a no-frill flight service using five (Boeing 737s) on loan from Garuda.

Business plans call for Citilink to acquire 25 planes of a younger vintage by 2015.

Commenting separately, the CEO of Garuda, Emirsyah Satar, said what type of aircraft that will be operated by Citilink was still undecided with planes made by Boeing, Airbus Embraer or Bombardier all under consideration. Satar said: "What's clear is that Citilink will operate with only one type of aircraft. That's more effective and efficient in terms of maintenance and operations."

Emirsyah is bullish on running a corporation that can offer two separate airlines to serve both the full service and no frills market segments.

Related Articles

[Airline for Sale]

[Garuda Delays its Public Offering]

[Garuda Seeking to Cut Links with Citilink]


© 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
Think Pink in the War on Breast Cancer
Bali Pink Ribbon Fun Walk & Run Returns Saturday, October 20, 2018
(4/21/2018)
Failing to Linger Longer
Bali by the Numbers: Foreign Tourists Stayed an Average 3.17 Days in Bali Starred Hotel in February 2018
(4/21/2018)
Working to Preserve and Promote Bali Arts
Bale Banjar Culture Club to Feature Peter J. Wilson and Made Sidia – World Renowned Producers of Balinese Stage Performances
(4/15/2018)
Does Bali Already Have a Second International Airport?
Editorial: A Practical Perspective on a Second Airport for Bali
(4/15/2018)
Shopping on Touchdown in Bali
New Duty Free Shopping Area for International Passengers Arriving in Bali
(4/15/2018)
Seeking Wider Horizons of Understanding
TEDxUbud Event Set to Stimulate Innovation and Creativity on Saturday, May 5, 2018
(4/15/2018)
Keeping the News Cycle Positive
Udayana Military Commander Calls on Media to ’Self-Censor’ and Avoid Controversial Reporting in Run-Up to IMF-World Bank Meeting
(4/15/2018)
Fugitives No More
Fugitive German and Indonesian Wife Captured by State Prosecutors to Start Serving Prison Sentences Handed Down in Bali Property Scam
(4/15/2018)
Enhancing the Quality of Bali Visitors
Tourism Ministry Outlines How Bali Can Attract Higher Quality Tourist Visitors
(4/15/2018)
Roll Out the Barrels
Australian Government Assisting Bali in Conquering Mounting Trash Problem
(4/15/2018)
The Rainbow Connection
Green Peace’s Rainbow Warrior Uses Bali Visit to Fight Coal-powered Electricity, Plastic Pollution and Lend Support to ForBALI’s Fight Against Reclamation of Benoa Bay
(4/15/2018)
Friday the 13th in Bali
Tourist Bus Kills One Man and Damages 6 Cars and 2 Motorcycles in Spectacular Chain-Collision Near Bali’s GWK Monument
(4/15/2018)
All [News]!