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's European Route Plans on Hold?
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's European Route Plans on Hold?

World Economic Woes may Delay Garuda’s Plans to Fly to Europe in 2010.


Bali News: Garuda's European Route Plans on Hold?
Click Image to Enlarge

(10/18/2008)

The CEO of Garuda Indonesia has hinted to Bisnis Indonesia that his airline's plans to rebuild its truncated international route system may be postponed by the current world-wide economic upheaval and its resulting fallout effect on international aviation.

Emirsyah Satar said a final decision on future route expansion would only be taken after the state-owned airline finishes evaluating the extent of the current economic crisis. Previously announced plans called for Garuda to open services to Madras, India this year followed by the resuscitation of their routes to Amsterdam in 2010.

Emirsyah confessed that the current economic crisis is having a major impact on the cost of leasing aircraft due to liquidity problems among financial institutions.

Garuda's currently flies to a number of foreign ports-of-call including Japan, South Korea, the Middle East, China, and Australia utilizing Airbus 330, Boeing 747 and Boeing 737-800NG equipment.

And, while the world-wide economic downturn may dampen Garuda’s appetite for international expansion, Emirsyah says plans for developing the domestic market remain on track. Garuda's CEO explained: "While the international market remains problematic, it's a proven fact that the domestic market continues to expand. Also, because Indonesia is an island nation the people will always require flight services."

Emirsyah told the press that he will monitor the domestic market closely for any signs that the economic crisis is widening and somehow affecting the domestic air market. Internationally, he believes the current international downturn will last for one to three years.

Garuda has already confirmed orders for ten Boeing 737-300ER aircraft at a value of US$2.3 billion, intending to use these planes for flights to Europe and the U.S.. Scheduled for delivery in 2010, it remains to be seen if liquidity problems from Garuda's leasing partners will stymie plans to bring these new aircraft on line.


© 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
Reducing Fatal Snakebites in Indonesia
Indonesia Needs to Develop a Range of Poisonous Snakebite Serum Vaccines
(11/23/2014)
Imprisoned on Appeal
Supreme Court Send Bali Lawyer Rizaldy Wartuty to Prison for Fraud in a Property Deal
(11/23/2014)
Snatch Thieves, Catch Thieve
Police Arrest Two Pickpockets Operating on Poppies Lane II in Kuta, Bali
(11/23/2014)
Prisoners of Paradise
Bali’s Kerobokan Prison Bursting with Inmates While New Prison Construction in Bangli Stuck in Bureaucratic and Funding Delays
(11/23/2014)
Roadside Banditry
Villagers between Selat and Sideman Participating in Collection Illegal Retributions from Passing Trucks
(11/23/2014)
Where to Lunch in Ubud
Too Good Not to Share: Warung Teges, Peliatan, Ubud for Outstanding Nasi Bali
(11/23/2014)
Refusing Treatment Proves Fatal for Arab Tourist
Saudi Arabian Tourist Fall Ill and Dies in Bali
(11/23/2014)
Asia’s Best Street Food in a Single Locale
Too Good Not to Share: Bali Update Editor Discovers that Sarong’s Love Affair with Indonesian Cuisine Continues to Blossom and Bloom
(11/23/2014)
Saved from the Satay Grill
Bali Water Police Rescue 51 Endangered Green Turtles
(11/23/2014)
Man of the People
President Joko Widodo Flies Economy to Attend Son’s Graduation in Singapore
(11/23/2014)
A Dozen Years for Homicide
19 Year-Old Male Prostitute who Killed American Paul Latourell Sentenced to 12 Years Prison
(11/23/2014)
Fire in Ubud
Massive Fire Destroys Clear Café and Five Nearby Homes in Ubud, Bali
(11/23/2014)
All [News]!