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Old June 22nd, 2009, 09:32 AM   #601
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Garuda delays IPO as it resolves debt hang

The Jakarta Post , Jakarta | Fri, 06/19/2009 7:02 PM | Business

The office of the state minister of state enterprises said Friday that it would postpone the planned share offering of national flag carrier Garuda Indonesia, slated this year, because it was still saddled with huge debt.

“We are facilitating Garuda to solve its debts though debt restructuring,” Said Didu, secretary to the state minister of state enterprises, said on Friday, but he refused to elaborate on the debt restructuring.

Garuda’s total debts as of the end of last December reached US$670 million — $450 million to the European Credit Agency (ECA), $100 million to Bank Mandiri, and the rest to other creditors.

Said said that the Indonesian flag carrier was now focusing its efforts on increasing the number of its aircrafts before selling its shares to the public through initial public offering (IPO) of shares.

He added that Garuda representatives, accompanied by State Minister of State Enterprises Sofyan Djalil, recently signed an aircrafts leasing agreement in France. (naf)
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Old June 23rd, 2009, 12:30 PM   #602
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Old June 23rd, 2009, 12:41 PM   #603
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Old June 23rd, 2009, 12:53 PM   #604
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Old June 23rd, 2009, 01:07 PM   #605
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Old June 23rd, 2009, 01:17 PM   #606
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Old June 23rd, 2009, 01:22 PM   #607
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Old June 23rd, 2009, 01:27 PM   #608
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Old June 23rd, 2009, 01:33 PM   #609
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Old June 23rd, 2009, 01:41 PM   #610
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Old June 23rd, 2009, 01:47 PM   #611
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Old June 23rd, 2009, 01:51 PM   #612
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Old June 23rd, 2009, 01:54 PM   #613
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Old June 23rd, 2009, 02:10 PM   #614
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Quote:
Originally Posted by David-80 View Post
The first Airbus A320 for Indonesia Air Asia has arrived !
pictures from r324 of Indoflyer





cheers
Air Asia: Airbus A320 (NEW)

[IMG]http://www.**************/show/2009/06/23/03/01/4096336_1000x667.JPG[/IMG]

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Airasia Route Map
AirAsia is a low-cost airline in Southeast Asia which operates from 6 bases in 3 countries : Kuala Lumpur, Johor Bahru, Kuching & Kota Kinabalu (Malaysia), Bangkok (Thailand) and Jakarta (Indonesia). Longhaul operations is operated by its subsidiary AirAsia X.

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Old June 23rd, 2009, 03:24 PM   #615
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have a plan to flight to Australia?
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Old June 24th, 2009, 11:46 AM   #616
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Indonesia's Lion Air expands reach

By Leithen Francis

Indonesia's largest privately-owned carrier Lion Air is moving into airport management and expanding its airline business by adding ATR turboprops, Boeing 747-400s and more 737-900ERs.

The carrier has established an airport management company, in which it has an 80% stake. The Indonesian air forceholds the remaining 20%.

Lion Air president director Rusdi Kirana says the airport venture has defence and finance ministry approval to manage and use Jakarta Halim Perdanakusuma International Airport, which is currently used by the Indonesian air force. It is located closer to the city-centre and was Jakarta's main airport until the opening of Soekarno-Hatta International Airport in 1985.

Rusdi says the partners are waiting on approval from the transport ministry and that the venture is now possible because in January the government passed a law allowing private companies to manage Indonesian airports.

The plan is to shift all of Lion's passenger operations from Soekarno-Hatta airport to Halim airport, he confirms.

He also says Lion has signed an agreement with the Indonesian navy to develop and manage a section of Surabaya's Juanda Airport, which is Indonesia's second largest.The navy controls this section of the airport and Lion plans to develop a passenger terminal and aircraft maintenance hangar there, says Rusdi.

Lion a few weeks ago signed a three-year contract to have Indonesian maintenance, repair and overhaul firm GMF AeroAsia do all the heavy maintenance checks on its aircraft.Lion is GMF AeroAsia's largest client after Garuda Indonesia, but Lion has always madeclear it plans to eventually bring MRO in-house. It is well-placed to do so because it is already the world's largest operator of the 737-900ER, with 23.

While Lion appears set to become the largest privately-owned operator of airports in Indonesia and has ambitions to be an MRO player, it is expanding its airline business too.

Long-haul Venture

It is branching into long-haul operations, using two recently secured Boeing 747-400s,by launching services from Jakarta to Jeddah in Saudi Arabia.

Rusdi points to a large under-served market, saying there were too few non-stop flights to Saudi Arabia, prompting travellers to fly to Europe and points in the Middle East before venturing to Saudi Arabia. The carrier estimates that in some years there are as many of 700,000 Indonesians travelling to Saudi Arabia, especially for Muslim festivals such as the Haj.

Lion also has well over 100 737-900ERs on order of which it will be receiving six this year, taking the number of this aircraft type in its fleet to 29.

In May the US Export-Import Bank granted financing support for 30 of the 737-900ERs it has on order. Lion is also "waiting on news from the export agencies" of Italy and France to support its plans to get ATR turboprops.

Last November Lion signed a memorandum of understanding for 10 ATR 72-500s with options for 10 more.Rusdi says it is working to get financing for the purchase and plans to start taking delivery of the aircraft in July.

These aircraft will be assigned to Lion's wholly-owned subsidiary Wings Air and be used to provide passenger feed.Rusdi says at year-end it will have five ATR 72-500 turboprops and next year it will receive five more.

Rusdisays the better fuel efficiency of the 737-900ER gives Lion an important competitive advantage over its smaller competitors. Indonesia has over 25 commercial airlines, but the smaller ones still largely rely on older aircraft such as Boeing MD-82s and 737-200s.

The government earlier this year introduced a law requiring that all scheduled airlines must have a minimum of ten aircraft by January 2012 and that carriers must own some aircraft, rather than relying entirely on leases.Rusdi believes this new law, coupled with the intense competition in the Indonesian market, will lead smaller players to either merge or close down.

Local Competition

Elsewhere in the country, Indonesia AirAsia is increasing its focus on international routes to boost profitability. The carrier is adding three more A320s this yearand increasing services from Bali, Bandung and Jakarta to Singapore in support of this aim.

"It was more domestic before, but now it is 50:50 and we will move to 70:30 [in favour of international routes]," explains Indonesia AirAsia marketing and distribution director Widijastoro Nugroho. He says the carrier will continue to operate on some major domestic routes, but generally prefers to leave the domestic market to players such as Lion and Mandala Airlines which have been competing aggressively on price.

Widijastoro adds that Indonesia AirAsia is also looking at using Indonesia's fifth freedom rights through Singapore to serve other Asian cities.

National carrier Garuda Indonesia, meanwhile, is adding Airbus A330-200s to launch international flights from Jakarta to Tokyo Narita, Sydney, Shanghai and Seoul Incheon.

Garuda's services from Australia, Japan and Korea have thus far tended to operate out of Bali, but Garuda chief executive Emirsyah Satar says there is demand for services from these countries to Jakarta.


http://www.flightglobal.com/articles...nds-reach.html
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Old June 25th, 2009, 03:28 AM   #617
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have a plan to flight to Australia?
Not with that missing engine...
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Old June 25th, 2009, 03:38 AM   #618
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Regional travelers boost short-haul flights
Benget Besalicto Tnb. , The Jakarta Post , JAKARTA | Wed, 06/24/2009 11:11 AM | Business

With short-haul travel within the Asian region showing robust growth, as of next month Indonesia AirAsia plans to increase its flights for existing routes.
Dharmadi, the president director of Indonesia AirAsia, a subsidiary of the Malaysian budget carrier AirAsia, told reporters in Jakarta on Tuesday that flights for existing Jakarta-Singapore and Denpasar-Singapore routes would be doubled to four times a day.
Flights on Bandung-Singapore route will also be increased to two while flights on the Bandung-Kuala Lumpur route increased from two to three flights a day.
“Later in August and September we’ll add new regional routes. This is part of our strategy to shift our flight services from mainly domestic routes to mainly regional ones,” Dharmadi said.
The new routes would include Denpasar-Perth (Australia), scheduled to commence July 17, Jakarta-Saigon (Vietnam) and Jakarta-Manila (the Philippines) scheduled to commence in September, he said.
Currently, 80 percent of Indonesia AirAsia flights are domestic while the other 20 percent are regional.
The company is aiming to change this ratio to 75 against 25 percent, Dharmadi said.
“We have seen short-haul travel within the Asian region growing between five and ten percent over the last two years.
“This is partly been caused by a decline in long-haul travel to destinations outside the region,” Dharmadi said.
Dharmadi added that other airlines, such as Jetstar, ValueAir and Tiger, had been also targeting the rising short-haul market.
Indonesia AirAsia plans to close domestic routes from Jakarta to Batam, Padang, Balikpapan and Ujungpandang, while maintaining domestic routes to Surabaya, Medan, Denpasar, Bandung and Pekanbaru.
As part of its strategy to cater for the growing short-haul travel market, the company is also aiming to replace its entire fleet of Boeing aircraft with Airbus passenger jets.
“Previously, our 15 aircraft were all Boeing jets. We’ve replaced seven of these with Airbus aircraft, and hopefully within the next few years we’ll be able to replace all of them,” he said.
The airline, Dharmadi said, was also planning to have a fleet of 45 aircraft, all Airbus, within the next five years.
Earlier, it had announced its plans to open at least 10 international routes to Indonesia this year to help reach its target to carry 3.5 million passengers from Southeast Asia’s largest economy.
The company hoped to generate Rp 2 trillion (US$185 million) in revenue from Indonesia this year, compared to the Rp 1.6 trillion from carrying 2.4 million passengers in 2008.
Euromonitor International recently reported that short-haul travel will continue to dominate tourism in Asia for the next 10 years.
About 90 percent of all outbound departures from countries such as Vietnam, Cambodia, Laos and Macau, were to destinations within the region.
Price, familiarity and changing consumer lifestyles had all benefitted short-haul travel in the region, the Euromonitor report said.
The popularity of short-haul travel in Asia is set to intensify further over the next ten years, thanks to a combination of positive factors fuelling growth.

source: jakartapost.com
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Old June 25th, 2009, 05:08 PM   #619
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Old June 25th, 2009, 05:20 PM   #620
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