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:
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.

       

 
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
A Gas Attack?
Explosive Sewage System at Paragon Hotel in Jimbaran Sends two Staff Members to Hospital
(6/25/2016)
India Calling
Bali Calls for Direct Flights Between India and Bali
(6/24/2016)
RIP: Raymond Maurice Butler 1952-2016
Ray Butler, Bali Hotel Veteran Dies from Prolonged Illness at Siloam Hospital
(6/24/2016)
Keeping the Islamic New Year Safe
Bali Boosts Security for Idul Fitri Holiday Rush
(6/24/2016)
Bali Bounces Bogans Back to Base
Badly Behaving Drunken Perth, Australia Man Deported from Bali Just 24-Hours After Arrival
(6/24/2016)
LOT Polish Now Flies to Bali
Twice-Weekly Warsaw to Bali Flights on LOT Polish Airlines Commence Service to Bali
(6/24/2016)
Misinformation as a Virus
Bali Hotel Association Brands Australian Government and Australian Media Statements on Zika Virus as “Hype”
(6/24/2016)
Home for the Holidays
Bali’s Ngurah Rai Airport Adding Additional Flights for Idul Fitri Holidays
(6/24/2016)
Quest No More
Woman Commits Suicide by Leaping from Quest Hotel in Kuta
(6/24/2016)
A Rockin’ Middle Age
Hard Rock Hotel Bali Celebrates Founder’s Day With Beach Clean Up & Turtle Release
(6/24/2016)
They Shall Not be Moved
ForBali Protestors Stage Another Mass Demonstration Against Reclamation of Benoa Bay, Vowing Recent Physical Attacks Will not Deter their Protests
(6/19/2016)
Garuda Doodle Dandy
Garuda Indonesia Plans to Fly to USA in 2017
(6/19/2016)
All [News]!