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 Indonesia in Need of a Complete Revamp
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 Indonesia in Need of a Complete Revamp

Experts Call on Garuda Indonesian to Use Momentum of IPO to Shake Up Management, Improve Efficiency and Upgrade Service.


Bali News: Garuda Indonesia, IPO
Click Image to Enlarge

(1/8/2011)

Windijarto, assistant dean of the Economic Faculty of Airlangga University (UNAIR) in Surabaya says that the national air carrier Garuda Indonesia should use its coming initial public offering (IPO) to improve its competitive standing among international airlines. Quoted in Bisnis.com, the financial expert and educator called on the airline to utilize the momentum generated through the financial restructuring of the company to also revamp its management, upgrade efficiency and improve service standards.

Speaking at a seminar in Surabaya entitled "Should Garuda Go Public," Windijato explained: "Competition in the airline industry is currently very intense to the point where a profit margin of around 1.8% from the total investment is already good. In conditions such as these, efficiency must be a top priority for every airline company."

Continuing his analysis, he see the current business environment as offering substantial opportunity for Garuda Indonesia to ride a wave of growth as Asia experiences the highest rates of passenger growth in the world. Poor land transport infrastructures in Indonesia, he feels, provide an added impetus for the growth of any Indonesian domestic airline.

At the same seminar, Adler Haymans Manurung, Director, PT Finansial Bisnis Informasi said that Garuda was still lagging far behind the leading five Asia air carriers: Singapore Airlines, Cathay Pacific, Qantas, Thai Airways, and Malaysian Airlines in a number of areas. He went on, pointing out that in 2011 a number of other Asian and regional airlines will launch IPOs, including Hong Kong Airlines, Grand China Airlines, Air India, Saudi Arabian Airlines, Middle East Airlines and Karthago Airlines.

Manurung continued that in order for Garuda to compete in the modern air market it must go public, although it is obviously late in launching its IPO.

Windijarto told the seminar attended by a number of leading executives from Garuda that measures should be taken to avoid allowing public shares from being acquired or dominated by "certain individuals," ensuring the Airline is owned by members of the Indonesian general public. He urged that the purchase process for Garuda's shares be kept transparent.

Related Articles

[Garuda Prepares to Spin-Off Citilink Subsidiary]

[Will Heads Roll?]

[Airline for Sale]

[Garuda Delays its Public Offering]


© 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
Bali Benoa Reclamation Project Still in Play
Location Permit Extended Automatically for Benoa Bay Reclamation Pending Review of Environmental Impact Study
(7/22/2016)
Mövenpick Set to Premiere in Bali
Mövenpick Resort & Spa Jimbaran Bali Names Horst Walther-Jones as General Manager
(7/22/2016)
Dancing on Paper
Lines of Pleasure – an Exhibition of Drawings by Noella Roos at VIN+ Seminyak August 26 – September 31, 2016
(7/22/2016)
Peddling Junk to Bali’s Top Man
Pastika Complains that Drug Dealers Have Tried to Sell Him Narcotics While Walking in Kuta, Bali
(7/22/2016)
When Boarding Houses Hoard Tax Revenues
Badung Regency in Bali to Make Boarding Houses Pay Their Fare Share of Taxes
(7/22/2016)
Faulting Towers
Buleleng Legislative Committee Opposed to ‘Bali Crossing’ High Voltage Transit Between Bali and Java
(7/22/2016)
Misguided Chinese
Illegal and Unlicensed Chinese Guides Protested by the Association of Indonesian Travel Agents
(7/22/2016)
Pop Goes the Weasel
Police Increase Security on Bali Following Killing of Two Indonesian Terrorists in Central Sulawesi
(7/22/2016)
Disembarking Drunks in Paradise
Jetstar Flight from Sydney to Phuket Diverts to Bali to Off-Load 6 Men Involved in a Drunken Brawl
(7/22/2016)
Taking the Crime Fight to New Heights
AirAsia Lands Airplane in Bali with ‘Turn Back Crime’ Livery
(7/17/2016)
The Protest Demonstration of the Week
Demonstrators Take to the Streets of Sanur for What is Becoming Weekly Protests Against Plans to Reclaim Bali’s Benoa Bay
(7/17/2016)
Tucker from a Trucker
Food Truck Festival in Denpasar, Bali July 29-31, 2016
(7/17/2016)
All [News]!