Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Garuda Indonesia in Need of a Complete Revamp
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
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

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

Garuda Indonesia in Need of a Complete Revamp

Experts Call on Garuda Indonesian to Use Momentum of IPO to Shake Up Management, Improve Efficiency and Upgrade Service.

Bali News: Garuda Indonesia, IPO
Click Image to Enlarge


Windijarto, assistant dean of the Economic Faculty of Airlangga University (UNAIR) in Surabaya says that the national air carrier Garuda Indonesia should use its coming initial public offering (IPO) to improve its competitive standing among international airlines. Quoted in, the financial expert and educator called on the airline to utilize the momentum generated through the financial restructuring of the company to also revamp its management, upgrade efficiency and improve service standards.

Speaking at a seminar in Surabaya entitled "Should Garuda Go Public," Windijato explained: "Competition in the airline industry is currently very intense to the point where a profit margin of around 1.8% from the total investment is already good. In conditions such as these, efficiency must be a top priority for every airline company."

Continuing his analysis, he see the current business environment as offering substantial opportunity for Garuda Indonesia to ride a wave of growth as Asia experiences the highest rates of passenger growth in the world. Poor land transport infrastructures in Indonesia, he feels, provide an added impetus for the growth of any Indonesian domestic airline.

At the same seminar, Adler Haymans Manurung, Director, PT Finansial Bisnis Informasi said that Garuda was still lagging far behind the leading five Asia air carriers: Singapore Airlines, Cathay Pacific, Qantas, Thai Airways, and Malaysian Airlines in a number of areas. He went on, pointing out that in 2011 a number of other Asian and regional airlines will launch IPOs, including Hong Kong Airlines, Grand China Airlines, Air India, Saudi Arabian Airlines, Middle East Airlines and Karthago Airlines.

Manurung continued that in order for Garuda to compete in the modern air market it must go public, although it is obviously late in launching its IPO.

Windijarto told the seminar attended by a number of leading executives from Garuda that measures should be taken to avoid allowing public shares from being acquired or dominated by "certain individuals," ensuring the Airline is owned by members of the Indonesian general public. He urged that the purchase process for Garuda's shares be kept transparent.

Related Articles

[Garuda Prepares to Spin-Off Citilink Subsidiary]

[Will Heads Roll?]

[Airline for Sale]

[Garuda Delays its Public Offering]

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


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
Bali's Best Dining and Bars
Baliís Best Restaurants, Bars, And Cafes 2015 Crowned
Pray for Rain
Extended Drought Threatens Severe Water Shortage in Kuta and Other Areas of Bali
Double Bladed Consequence
Italian Tourist Goes berserk and Attacks Warung Owner with a Knife in Sanur Bali
A Night at the Museum
Baliís Arma Museum Named the Nationís Best Privately Owned Museum
Keeping Ahead of the Wave
New Tsunami Early Warning System Tower at Kedungu Brings to 9 the Total Number of Tsunami Warning Towers in Bali.
Needed: Stroke of Good Luck
New Kuta Golf Course 8th Anniversary October 10-11, 2015
A Ban on Reclamation?
Maritime Affairs Minister Announces Plans for a Moratorium on Reclamation of Seashores Nationwide
Liberalizing Indonesiaís Cruise Sector
Foreign Flagged Cruise Ships Allowed to Carry Domestic Passengers
Dogs Tied to a Poll
Bali Post Conducts Public Opinion Survey on Governmentís Response to the Rabies Crisis
Everything on your Plate
Police and provincial Authorities Warn that Motor Vehicles Staying More than 3 Months in Bali Must Convert to Local Police License Plates
Pearls of Wisdom
Pearls of North Bali and the Women Who Fashion Them at Living Lobby Art Exhibition Masters Showcase at Conrad Bali Resort Through January 10, 2015
When Kids Communicate and Collaborate
Global Issues Network Conference in Bali October 16-18, 2015
All [News]!