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 Prepares to Spin-Off Citilink Subsidiary
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 Prepares to Spin-Off Citilink Subsidiary

Spin-off of Citilink Indonesia by Garuda to take Place After February IPO.


Bali News: Garuda Indonesia, Citilink Indonesia, Elisa Lumbantoruan, Emirsyah Satar, IPO
Click Image to Enlarge

(12/11/2010)

Garuda Indonesia has decided to proceed with a "spin-off" of its subsidiary low-cost carrier Citilink. as part of the business strategy to take the national carrier public in early February 2011.

The Director of Strategy and Technology Information at Garuda, Elisa Lumbantoruan, said the forward market for no-frill airlines is developing in such a way that is important for the Citilink Indonesia to stand on its own as an independent company.

She explained that plans to "spin-off" the subsidiary company must wait until Garuda completes is initial public offering (IPO) in February. "We will continue to seek an operating permits (SIUP) from the Minister of Transportation as one of the steps leading to a successful spin-off, but this must wait until Garuda successfully complete the IPO," she added.

Earlier, Lumbantoruan had put forth the possibility that Garuda and Citibank Indonesia would remain a single corporate entity under one operating license with two air operating certificates, similar to the structure of Qantas and Jet Star in Australia.

Currently, Citibank Indonesia is offering a no-frill flight service using five (Boeing 737s) on loan from Garuda.

Business plans call for Citilink to acquire 25 planes of a younger vintage by 2015.

Commenting separately, the CEO of Garuda, Emirsyah Satar, said what type of aircraft that will be operated by Citilink was still undecided with planes made by Boeing, Airbus Embraer or Bombardier all under consideration. Satar said: "What's clear is that Citilink will operate with only one type of aircraft. That's more effective and efficient in terms of maintenance and operations."

Emirsyah is bullish on running a corporation that can offer two separate airlines to serve both the full service and no frills market segments.

Related Articles

[Airline for Sale]

[Garuda Delays its Public Offering]

[Garuda Seeking to Cut Links with Citilink]


© 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
A Sinking Feeling
PT Pelni Doubles the Maximum Passenger Limits on its Passenger Ships Over the Year End Holiday Period
(12/13/2014)
What a Difference a Day Makes
Provincial Workers in Bali Government Granted Only a One-Day Holiday at Galungan
(12/13/2014)
When is Enough, Enough?
While Government Targets 20 Million Foreign Tourists by 2019, Concerns Expressed Regarding Carrying Capacity of Indonesia’s Tourism Infrastructure
(12/13/2014)
Tax and Service Included
Requirement to Include Airport Service Charge in Price of Airline Tickets Postponed until March 1, 2015
(12/13/2014)
From the Past, into the Present, for the Future
An exhibition of Batik by Museum Kain at the Ganesha Gallery in Bali from December 25, 2014 – January 2, 2015
(12/13/2014)
What's Cooking for Christmas?
Bali Culinary Professionals Christmas Party on Saturday, December 20, 2014
(12/13/2014)
90% Arrivals from Domestic & Regional Sourcess
Bali by the Numbers: While November Foreign Tourist Arrival Dip, Bali Likely to End 2014 with 3.7 million Foreign Visitors
(12/13/2014)
Sounds of the Season
Bali Community Choir in Concert of Christmas Music on Friday, December 19, 2014
(12/13/2014)
Lavishing on our Lavatories
Governor Identifies Clean Toilets at Government Offices as Fundamental to Good Public Service
(12/13/2014)
Benoa Bay: Ankle Deep in Troubles
Increasing Shallowness of Benoa Bay Underlines Need to Revitalize the Area’s Natural Environment
(12/13/2014)
The Wretched Refuse of Your Teeming Shores
Mountains of Trash Wash Ashore in Kuta in Seasonal Blight on Bali’s Shores
(12/13/2014)
The Law School of Big Locks
Balinese Law Student Sentenced to 9-Year Prison for Marijuana Possession
(12/13/2014)
All [News]!