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
More Capacity Between Bali & Lombok?
Garuda Eyes Adding Seat Capacity Between Bali and Lombok
(9/25/2016)
Bali Beach Body Contact
Sheraton Bali Kuta Resorts Hosts Bali Beach Body Combat on Sunday, November 6, 2016 ,to Help UNICEF
(9/25/2016)
Bali and Beyond to Maumere
Garuda Indonesia Flies Four Times a Week Bali to Maumere, Flores
(9/25/2016)
In a Spanish Mood
Spanish-based Indonesian Pianist Ananda Sukarlan to Speak and Debut New Compositions at Ubud Writers and Readers Festival
(9/25/2016)
Feeling Ill? Call the ‘Boogie Man’
Bali Airport Provides Mini-Ambulance to Reduce Response Time in Case of a Medical Emergency
(9/25/2016)
Feeling for a Motherless Child
Moved by New Reports of a Motherless Child, Bali Governor Reaches Out to Help the Baby and its Single-Father
(9/25/2016)
Bali’s Better on a Bike
Denpasar, Bali to Host International Cycling Road Race November 25-27, 2017
(9/23/2016)
Reading & Writing Celebrated for 13th Year at Bali Festival
Humanity in Unity at the 2016 Ubud Writers & Readers Festival October 26-30,2016
(9/23/2016)
Averting an Explosive Ending?
30 Tons of Explosive Ammonium Nitrate Seized from Boat Sailing from Malaysia to East Bali
(9/23/2016)
Denpasar in a Jam
WAZE Declares Denpasar, Bali Traffic Among the World’s Worst
(9/23/2016)
Did Franky Commit of Hanky-Panky?
Head of Narcotics Division at Bali Police Suspended and Under Arrest on Suspicion of Misuse of Funds and Extorting Drug Suspects
(9/23/2016)
A Family of Rhinos in Bali
Celebrating World Rhino Day with a Very Special Group of Children at Bali Safari & Marine Park
(9/23/2016)
All [News]!