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 · A Bird of Pay
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

A Bird of Pay

Garuda Seeking Funding for Fleet Expansion

Bali News: Indonesia, Garuda Indonesia, fleet expansion, Emirsyah Satar, Handrito Hardjono, Bank Internasional Indonesia
Click Image to Enlarge


Garuda Indonesia has secured a loan of US$100 million from Bank Internasional Indonesia needed to finance its fleet expansion program.

Quoted by The Jakarta Globe, Garuda’s finance director Handrito Hardjono said, “The loan will be used to expand our fleet.”

Garuda is reportedly looking for an additional US$200 million from other banks in order to complete new aircraft purchases in the pipeline.

In addition, a rights offering scheduled for April should yield US$130 million and the sale of bonds another US$200 million.

All in, Garuda wants to have US$630 million in cash to fuel its fleet expansion that will need between US$300 – US$400 to pay for new planes being delivered in 2014. US$145.6 million of this amount is already addressed in the Airline’s capital expenditure budget.

Also included in these figures are plans to pay off US$200 to $300 million of current debt. Garuda retired US$130 of its debt in 2013.

In an acquisitive mood, Garuda’s CEO Emirsyah Satar, has announced plans for the Airline to increase its stake from 30 to 80% in Angkasa Pura I and Angkasa Pura II – the companies that provide ground-handling services at major airports across Indonesia. The cost of the larger stake in Angkasa Pura is put at US$30 million.

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


Plaga Wine
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
Ace Trumps Hotels and Restaurants in Bali
Cok Ace’ Elected to Third Term as Chairman of Bali-PHRI
Unbeatable Seller Prices for BBTF 2016
Seller Discounts for Bali & Beyond Travel Fair 2016 for Confirmed Bookings Made Before November 30, 2016
The More the Merrier?
Denpasar Administration will Not Impose Moratorium on New Hotels
GO-JEK Doesn’t Deliver Grass
Famous Indonesian Musician Caught with Marijuana After Using Go-Jek Driver for a Drug Pick Up
When Passengers Roar at the Lion
Angry Lion Air Passengers Commandeer a Runway at Jakarta’s Airport
Indonesians Encouraged to Visit Australia
Australia Introducing Easier Visa Controls to Encourage Indonesians to Visit Australia
Striving for Safety
PHRI: Majority of Hotels Falling Short on Security and Safety Assessments
Buy My Horse, He's Hungry
Competing with Modernity, 80-year Old Dokar Driver in Bali’s Capital of Denpasar Faces Difficulty in Feeding Himself and His Horse
Banyuwangi Flights from Bali Axed
Garuda Indonesia Cancels Bali to Banyuwangi, East Java Flights
You Raise Me Up
New Minimum 2016 Wage Levels Announced for Badung Regency and Denpasar in Bali
RIMBA Takes Mexican Food to New Heights
UNIQUE Rooftops Bar & Restaurant at RIMBA Jimbaran Offers Authentic Mexican Cuisine
Ready, Aim. . . Wait!
Indonesia Put Stay on Further Executions While Economy Idles
All [News]!