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 Projects Profitability and a Newer Fleet of Aircraft
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 Projects Profitability and a Newer Fleet of Aircraft

Garuda Reveals its Plans for the Use of US$104 million in Emergency Cash Injections Received from the Government.


Bali News:
Click Image to Enlarge

(9/30/2006)

The Indonesian language Bisnis Indonesia reports that Garuda Indonesia will allocate US$1.6 million for rental fees to secure two new Boeing 737 NG aircraft in 2006.

The funds will be channeled from the US$52.2 million dollar cash injection recently approved by the members of the National People's Consultatative Assembly (DPR).

The four uses designated for the emergency cash injection to the national carrier are:

o Initlal lease payments for the rental of two new B-737 NG worth US$1.6 million.
o Repayment of US$14.7 million of short term debts totalling US$43.6 million.
o Payments for US$17.3 million in repairs and overhaul of a projeted US$19.6 needed for six Airbus 330 aircraft owned by Garuda.
o Allocation of US$18.9 million or a an estimated US$20 million needed to undertake repairs on the rest of Garuda's aging fleet of aircraft.


An second cash injection of US$52.5 million, allocated from the 2007 State budget, will be used next year for ongoing management restructing at Garuda, short term loan repayments, and additional repairs needed on the Airline's fleet.

Targeting a Profit in 2007

Meanwhile, the Indonesian language BisnisBali confirms that Garuda is projecting a profit of Rp. 444 billion (approximately US$48.2 million) in 2007, an impressive financial rebound from losses of Rp. 692 billion (approximately US$ 75.2 million) suffered by the Airline in 2005.

A Garuda Indonesia spokeman recently told the Indonesian Parliament that the airline expects total revenues in 2007 to reach Rp. 13,136 trillion (approximately US$1.42 billion).


© 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
How to Ruin a Beach Holiday
Candidasa Beach in East Bali Polluted by Styrofoam Debris from Floating Dock Project
(3/26/2017)
A Devil’s Island on an Island in Paradise
Bali Press Report Exposes Inhumane Conditions at Bali’s Kerobokan Prison
(3/25/2017)
Cheap Flights Between Bali and Tokyo
AirAsiaX to Fly Four Times a Week Between Bali and Tokyo Starting May 24, 2017
(3/25/2017)
New Parking Tariff at Bali Airport Effective April 1, 2017
Effective April 1, 2017, the price to park vehicles at Bali’s Ngurah Rai Airport will increase.
(3/25/2017)
Bad Chemistry
Bali Police Set Up Network with Local Chemical Suppliers to Detect Suspicious Terrorist-Related Activities
(3/25/2017)
Communicating Success in Nusa Dua
Rosalyn Sayswang Heads Marketing Communication at St. Regis Bali Resort and The Laguna Bali
(3/26/2017)
To Reign Over Repast
The Laguna Welcomes Gunnar Kuchenbecker As Director Of Food & Beverage
(3/26/2017)
North-South Toll Road for Bali a Non-Starter?
Public Works Minister Discounts Need for a North-South Toll Road for Bali
(3/25/2017)
Promising to be ‘Bigly’ Obedient
Billionaire Owner of Planned Donald Trump Development in Bali Promises to Respect Local Culture and Rules
(3/25/2017)
Counting the Cracks
Bali Officials Count the Damage from March 22, 2017 Earthquake
(3/24/2017)
The Tip of the Tipping Iceberg?
Two Jembrana Regency Officials Apprehended for Accepting Illegal Payments at Gilimanuk Ferry Port
(3/26/2017)
Bali Named the Best, Again
Trip Advisor Travellers’ Choice Award 2017 Names Bali the World’s Best Destination
(3/24/2017)
All [News]!