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.

       

 
Plaga Wine
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
Interview: Rainy Hendriany –Foreign Ownership Update
Foreign Property Ownership in Indonesia – One Step Forward and Two Steps Back?
(2/7/2016)
Half a World is Now Just One Flight Away
United Airlines to Introduce 15-Hour Non-Stop San Francisco to Singapore in June 2016
(2/7/2016)
London Calling
Garuda Indonesia to Fly to London from Jakarta Starting March 31, 2016
(2/7/2016)
Drawing Lines in the Sand
Villagers Issue Deadline Ultimatum of March 20, 2016 to Hotel InterContinental Canggu
(2/7/2016)
Pass the Popcorn!
10th BALINALE Bali Film Festival September 24-30, 2016
(2/7/2016)
Tiger Shows it Stripes
TigerAir Reveals the Look of Planes to be Operated on Oz to Bali flights.
(2/7/2016)
Slow Wheels of Justice
Australian to Face Trial for Criminal Assault Committed in 2013
(2/7/2016)
Another Property Deal Gone Sour
Australian Eric Bevan Gillet Arrested for Property Fraud in Bali
(2/7/2016)
A Passion for Fresh, Healthful Ingredients
Stefano Attardi Named Executive Chef of Ritz-Carlton Bali
(2/7/2016)
Dealing with Threats of Terror
Regent of Ubud Bali Says Public Must be on the Alert for Terror
(2/7/2016)
Not Cleared for Take Off or Landings
Heavy Rains Close Bali’s Airport for 3-Hours on Wednesday, February 3, 2016
(2/5/2016)
Bali as a Center for Distribution
Sophisticated Logistic Center Opened by Bali’s Airport by Angkasa Pura Logistik
(2/5/2016)
All [News]!