Close
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 Enters Discussions to Purchase 20 New Airbus A320 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 Enters Discussions to Purchase 20 New Airbus A320 Aircraft.

2009 Delivery of 20 New Airbus A320s and 25 Boeing B737-800NGs for Indonesia's Financially Troubled National Carrier.


Bali News: Garuda Enters Discussions to Purchase 20 New Airbus A320 Aircraft.
Click Image to Enlarge

(9/12/2007)

PT Garuda Indonesia have announced that they will purchase 20 Airbus A320 to strengthen their armada serving both regional and domestic routes flown by the National Carrier.

The Director of Operations for Garuda, Ari Sapari, told the Indonesian-language Bisnis Indonesia that the arrival of the new Airbus A320s will roughly parallel the planned delivery of 25 new Boeing B737-800NG expected to be delivered in 2009.

Sapari told the press that the order for the new Airbus A320 had been confirmed verbally with the planes' manufacturer following approval of the purchase by the Minister for State-Owned Enterprises.

The Garuda official was unprepared to disclose the price of the new airplanes saying the purchase was still under negotiation. Bisnis Indonesia estimates the total value of the contract for the 20 aircraft at US$1.3 billion with each plane costing US$65 million.

The National Carrier has already concluded an agreement with Boeing for the purchase of 25 new B737-800NG with delivery set to commence in May 2009 and be completed by February 2012. The Company has paid a US$23 million deposit with Boeing with efforts now underway to create a consortium to lend funds to complete the purchase or to find a suitable lease arrangement for the aircraft.

Garuda's debts as of June 30, 2007 totaled US$737.38 million with an additional Rp. 180 billion (approximately US$19.56 million) owed to PT Bank Negara Indonesia and PT Bank Mandiri.

According to Bisnis Indonesia, the Airline's heavy debt burden traces back to an earlier Airbus purchase when, between 1988-1992, Garuda spent US$1.2 billion on six A330-300 aircraft. Aviation experts estimate the purchase price for the planes was "marked up" by US$74 million per plane, inflating the Company's debt load by US$444 million.

A long-standing pledge by the Airline to thoroughly investigate and disclose details of the earlier aircraft purchase remains outstanding.


© 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
Dry Brollies in Bali
Bali Weather Forecasters Predict Delayed Rains to Finally Fall in November
(10/27/2014)
In Bali Exquisite Music is Child's Play
Twice Weekly Performance of Ancient Balinese Music in Sanur Through February 1, 2015
(10/27/2014)
More is Less
More Warnings About the Disastrous Effects of Uncontrolled Growth in Bali Accommodation Sector
(10/27/2014)
Nusa Penida Conservation Fees to Increase
Klungkung Regency Plans to Increase Entrance Fees for Day Visitors to Nusa Penida by 1,070%
(10/27/2014)
A Failure to Deliver
CEO of Hotel Bali Kuta Residence Facing Trial for Fraudulent Property Deal
(10/27/2014)
Surf's Up
56-Year-Old Australian Dies While Surfing on Kuta Beach
(10/27/2014)
Keeping the Welcome Balinese
Deputy Governor Calls for More Balinese Signage at Airport and Other Key Locations
(10/27/2014)
This Place is for the Birds
Bali Bird Park Celebrates 19 Years of Operations with Special Offers and New Bird Exhibits
(10/27/2014)
Donít Look Now!
Baliís Iconic Panorama at Kintamani Vanishing Behind Illegal Buildings
(10/27/2014)
Baliís Flushed Away Success
3 of 4 Baliís Lakes Now Badly Polluted; Failure to Act Threatens Baliís Supply of Drinking Water
(10/27/2014)
Seeking Permission to Land
Malaysian Airline Flight Makes Emergency Diversion to Bali When Passenger Goes into Labor
(10/27/2014)
Murder at Bali Emerald Villas in Sanur, Bali
Long-Time Bali Resident Bob Ellis Murdered in What Police Believe was Murder-for-Hire Scheme Orchestrated by His Wife, Noor Ellis
(10/24/2014)
All [News]!