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Old February 7th, 2011, 09:17 AM   #1101
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We'll be trying a new Southeast Asia Aviation thread. All posts related to Indonesian Aviation should go here: http://www.skyscrapercity.com/showthread.php?t=1315033
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Old February 7th, 2011, 01:58 PM   #1102
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Yes , beautifull
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Old February 9th, 2011, 12:40 AM   #1103
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Garuda Sub 100 Seater for Bali
February 7, 2011

Garuda Airways plans to operate flights with under 100 seats (sub 100 seater planes). Bali will be the central focus of these flights.

Finance Director Elisa Lumbantoruan said today Garuda will be operating a 92 Boeing 737-500 (92 passenger capacity) to serve short-haul routes such as Denpasar-Surabaya, Denpasar-Makassar, Denpasar-Ampenan, Denpasar-Balikpapan, and Denpasar-Yogyakarta. In future, routes to other short-haul cities will also be developed.

“In the meantime we are using a Boeing 737-500, but we are looking for smaller one such as ATR, Bombardier, or Embreaer. Passengers can fly without transit in Jakarta. In addition to cutting time, income for Garuda could be greater,” Elisa explained last weekend.


http://beatmag.com/latest-news/garud...-for-bali.html
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Old February 9th, 2011, 04:22 PM   #1104
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Quote:
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There are actually..





Thanks for posting these nice ads... I like the first and second ad. Nature's wing is really a nice and unique concept. I got a deeper understanding about the behind concepts after watching this ad.
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Old February 11th, 2011, 12:38 PM   #1105
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IPO Garuda's gain; underwriters' loss
Esther Samboh, The Jakarta Post, Jakarta | Fri, 02/11/2011 12:17 PM | Headlines

During its recent initial public offering (IPO), shares of flag carrier Garuda Indonesia were not fully purchased by investors, with 47 percent bought by underwriters, data from the Indonesia Stock Exchange (IDX) shows.

According to the IDX, 3.01 billion shares (47 percent) of the 6.33 billion initially offered were bought by underwriters, while the remaining 3.32 billion (53 percent) were absorbed by investors.

Underwriters for the IPO comprise Mandiri Sekuritas, Danareksa Sekuritas and Bahana Securities, while the international selling agents include UBS AG and Citigroup Inc.

The underwriters spent Rp 1.41 trillion purchasing unsold shares, in reference to the IPO prices of Rp 750 apiece.

"It's an underwriters' job and risk to buy unsold shares. But we won't buy shares with bad fundamentals, said Marciano Herman of Danareksa Sekuritas.

While underwriters spent Rp 1.41 trillion, Garuda secured Rp 3.3 trillion (about US$350 million) in the initial offering.
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Old February 12th, 2011, 01:04 PM   #1106
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PT. Garuda Indonesia (Persero) Tbk. Officially Becomes a Public Company
By Garuda Indonesia pada 12 Februari 2011


After successfully transforming its business following a long a process towards becoming a public company, on Friday Garuda Indonesia is officially listed in the Indonesian Stock Market; an achievement which was the result of hard work and dedication from both internal and external parties. PT. Garuda Indonesia was listed on the main board of the Indonesia Stock Exchange or Bursa Efek Indonesia (BEI) as the third issuers in 2011 with the code GIAA.

During Garuda Indonesia’s Initial Listing, Garuda Indonesia President & CEO, Emirsyah Satar said, “This is a historic day for us, as well as the beginning of new challenges. From now on, as a public company, we are required to conduct a more transparent business and work harder in order to display better performance.”

GIAA released 6.335.736.000 (six billion three hundred and thirty-five million seven hundred and thirty-six thousand) shares on the market, or equivalent to 27.98% of the entire shares on the bourse, including PT. Bank Mandiri’s (Bank Mandiri) shares amounting to 1.935.738.000 (one billion nine hundred and thirty-five million seven hundred and thirty-eight thousand) shares. The GIAA shares price was Rp. 750,- each. From the initial public offering, GIAA and Bank Mandiri target to secure IDR 4.751.803.500.000 (four trillion seven hundred and fifty-one billion eight hundred and three million and five hundred thousand).

Garuda Indonesia has enlisted PT Bahana Securities, PT Danareksa Sekuritas and PT Mandiri Sekuritas as joint lead underwriters, and Assegaf Hamzaf & Partners as its legal consultants.

One of the first investors was PT Jamsostek (Workers Insurance Company), buying 5% of Garuda Indonesia’s free float shares which were valued at an estimated IDR 250 – IDR 300 billion. “Initially, we were planning to purchase more than the current shares bought, but our company’s investment guidelines restricts us to a maximum of 5%,” explained Jamsostek Director, Hotbonar Sinaga.

He further added that the starting price of Rp. 750,- apiece is a reasonable quote according to evaluations by Jamsostek’s internal investment team. Moreover, he was confident that Garuda Indonesia’s shares are a lucrative prospect considering that Garuda Indonesia is the nation’s only four-star airline by Skytrax rating, as well as the country’s first airline listed in the Indonesian Stock Exchange.

Of the expected IDR 4.751 trillion in IPO proceeds, the company will set aside around IDR 3.300.000.000.000 for business expansions, while IDR 1.451.803.500.000 belongs to Bank Mandiri.


Jakarta, February 11, 2011

PT. GARUDA INDONESIA
VP.CORPORATE COMMUNICATIONS

PUJOBROTO
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Old February 12th, 2011, 01:22 PM   #1107
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source, http://www.asiatraveltips.com/news11...ndonesia.shtml

Quote:
Garuda Indonesia to Change Terminal @ Changi Airport in Singapore

Wednesday, 9 February 2011

Indonesia’s national airline, Garuda Indonesia, will move from Singapore Changi International Airport Terminal 1 to Terminal 3 on 22 February this year, providing new enhanced check-in, departure and arrival facilities for its passengers.

The airline currently operates eight direct flights daily from Singapore to Jakarta and Bali as well as other international destinations including Amsterdam, Beijing, Shanghai, Sydney, Melbourne, Bangkok, Hong Kong, Seoul and Tokyo via Jakarta.

Risnandi, Senior General Manager, Area Asia, Garuda Indonesia, said, “This is our first move since we started our Singapore operations in Terminal 1 when Changi International Airport opened 30 years ago. Terminal 3 is a state-of-the-art facility recognised as one of the best airport terminals in the world. With this move, our passengers can expect a more pleasant airport experience with improved facilities and higher standards of service. The new terminal is also better equipped to meet our future expansion plans.”

Garuda Indonesia has undergone a remarkable transformation across its safety, product and front-line service standards in its bid to become one of Asia's most successful airlines. The airline was upgraded to a four-star rating by Skytrax Research and recognized as Asia’s leading service quality airline according to a recent survey conducted by the Centre for Asia Pacific Aviation (CAPA).
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Old February 15th, 2011, 03:26 PM   #1108
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Indonesian Airlines Set For Consolidation
Feb 15, 2011

By Leithen Francis
Singapore

Financially troubled Indonesian carrier Mandala Airlines’ move to suspend all operations indefinitely may be a precursor of similar actions by other airlines.

Indonesia has more than 20 commercial airlines, but market consolidation appears inevitable due to a new rule that is coming into effect in January 2012, which mandates that all commercial airlines have a minimum of 10 aircraft, five of which must be owned.

Other Indonesian carriers to watch in the coming months include Kartika and Riau. Kartika Airlines only has two aircraft, Boeing 737-200s leased from Aero Nusantara Indonesia (ANI). Industry executives say Kartika’s owners have been speaking to potential buyers. If the carrier is sold, it could have implications for the manufacturer of the Sukhoi SuperJet 100 as Kartika is the aircraft’s Asian launch customer, with a firm order for 30. Deliveries to Kartika are due to start mid-2012. Chairman Kim Mulia declined to comment.

Riau Airlines is presently only flying one aircraft, a Boeing 737-500 leased from ANI. Some of the regional governments that are shareholders in the loss-making carrier have been trying to withdraw, although the Riau provincial government is attempting to bring in new investors. But it is unclear whether it, or any new investors, will be willing to commit enough funds to bring about a 10-aircraft fleet by next January.

Mandala’s owners shut down the airline’s operations—at least for the time being—on Jan. 13, because they realized that if the carrier was to survive it needed to be recapitalized and to frame a new business plan.

“Over the past few months Mandala has been performing at a commercial loss and the situation now is such that we need to restructure the company to pave the way for entry of new investors,” says CEO Diono Nurjadin. “We are confident of attracting new investors to inject additional funds into the airline because once it is restructured, Mandala will be an attractive investment. There is huge demand for air travel in Indonesia and the market has lots of space for a well-defined and positioned low-cost carrier,” he adds. The South Jakarta Commercial Court granted Mandala a 45-day temporary reprieve on Jan. 17 so it can formulate and unveil a restructuring plan.

Prior to the shutdown, the airline had two Airbus A319s and three A320s on operating leases and an order for 25 A320s that were to be powered by International Aero Engines, say analysts from Ascend. The leased A319s were from International Lease Finance Corp. (ILFC), two A320s were let from Amentum Capital and the other A320 is from AerCap. Other leasing companies such as CIT and GE Capital Aviation Services had aircraft at Mandala but withdrew those earlier. The airline’s owners are U.S. investment firm Indigo Partners with 49%, and Indonesia’s Cardig International, which holds other aviation-related businesses such as local ground-handling company JAS Airport Services.

If Mandala opts for relatively cheap aircraft, such as Boeing 737-300/-400s, the purchase of five such aircraft will cost at least $20 million, according to an aircraft leasing business executive. If the other five aircraft in the fleet are retained on an operating lease, this will require a approximately $10 million more to cover security deposits and the first month’s lease rental. That is in addition to the money the carrier will need for working capital, the executive adds.

One of the difficulties Mandala faced was that its two shareholders did not always agree. Some industry executives say Indigo was sometimes reluctant to inject new capital into the business.

Another concern was that the owners brought in European executives to manage the airline, in an effort to make it a truly world-class carrier, but Mandala never achieved ‘economies of scale’ to cover the higher overhead that this required. Mandala also struggled in the face of intense price competition from other Indonesian airlines, which made it hard to achieve high yields, and it sometimes resorted to price discounting to maintain its market share. “But by doing this they undervalued their whole value proposition,” says one industry executive.

Mandala and any other commercial airline that plans to compete beyond 2012 faces a huge uphill battle going up against Lion Air and Garuda Indonesia. Lion has 56 jet aircraft, of which 43 are new Boeing 737-900ERs, with another 139 of that type on order, according to Ascend. Garuda now has a fleet of new Boeing 737-800s that has been well-capitalized, thanks to a February initial public offering.

There is more room in the turboprop market, but even in that sector, Lion Air’s subsidiary, Wings Air, boasts a fleet of nine ATR 72-500s with another six on order. And state-owned Merpati Nusantara Airlines, which has government funding, is adding new Xian Aircraft MA60s, already on order.

source http://www.aviationweek.com/aw/gener...0Consolidation

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Old February 16th, 2011, 03:14 AM   #1109
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I Think INA has a many airlines of there, but just a bit which qualified. More of them just operate in couple years then colaps such as : Jatayu, TOP AIR, STAR AIR, Sempati Air, Bali AIr, Air Paradise etc
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Old February 21st, 2011, 10:28 PM   #1110
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Dont forget the new comer, Pacific royale. I heard they're planning to use A330s

anyway..

AirAsia Indonesia Eyes Fourth-Quarter IPO

February 21, 2011

AirAsia, Southeast Asia’s biggest budget carrier, will appoint bankers next week to manage its Indonesian unit’s initial public offering as it tries to secure funds for expansion.

The Jakarta IPO is expected to take place in the fourth quarter, chief executive officer Tony Fernandes told Bloomberg on Monday. The amount to be raised by the unit, which has 20 planes, is still being decided, he said.
AirAsia also intends to hold an IPO for its Thai unit to help fund growth plans, including a possible order for 175 of Airbus SAS’s revamped A320s.

Business is “excellent,” Fernandes said. The airline, based in Sepang, Malaysia, is “very happy with results.” Fourth-quarter earnings are due to be reported on Thursday. AirAsia Indonesia plans to raise funds so it can buy its own planes, which will help pare the parent company’s debt-to-equity ratios, Fernandes said. The Indonesian arm may surpass the Malaysian operations, which are more than three times as big, in the “not-too-distant future,” he said in November.

AirAsia closed unchanged at 2.76 ringgit in Kuala Lumpur trading on Monday. The stock has risen 9.1 percent this year.

The company may post a profit of 224.4 million ringgit ($74 million) in the quarter ended in December, according to the average of four analyst estimates compiled by Bloomberg. It posted a net income of 76.7 million ringgit a year earlier.

Garuda Indonesia, the nation’s biggest carrier, Singapore-based Tiger Airways Holdings and Philippines-based Cebu Air have also held IPOs since the beginning of 2010 as rising stock markets and growing travel lure investors.

Budi Ruseno, an analyst from Bhakti Capital, said the Indonesian stock market should be in good shape by the fourth quarter and AirAsia’s good reputation will help the IPO.

“They have good management and they don’t have big, long-term debt like Mandala. I think it will go smoothly,” he said, referring to Mandala Airlines, a state-owned airline grounded since Jan. 13 by financial woes and waiting for creditors to approve its restructuring plans.

AirAsia Indonesia, he added, has established routes within the domestic market and abroad, which should make it appealing to investors.

Even with the its good management, Budi said, the success of AirAsia Indonesia’s IPO will depend on the price that it offers at the first sale. “If the price is good, which means not too high and too low, the market will buy the stake,” he said.

Overly optimistic pricing and poor timing hampered Garuda’s IPO. Its main underwriters had to absorb almost half of the offered shares because of lukewarm interest at home and abroad.

Ibrahim, general manager and senior analyst at Harvest International Futures, a trading and business consultancy company, said holding an IPO in the fourth quarter would be good timing.

“In the first and second quarters, inflation pressure is high, which affects the market. In the fourth quarter, inflation pressures will have eased since we estimate that the central bank will have more interest rate hikes before that,” he said.

“Investors will also consider that this AirAsia is from Malaysia, which has good economic growth and a stable political and social environment.”

Bloomberg, JG


source http://www.thejakartaglobe.com/busin...ter-ipo/424004

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Old February 23rd, 2011, 09:21 AM   #1111
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Garuda Indonesia starts Makassar/Ujung Padang – Gorontalo Daily flight

Garuda Indonesia yesterday (16FEB11) launched Makassar (Ujung Padang) – Gorontalo service on board Boeing 737-800 aircraft. Flight operates on Daily basis.

The new service allows connection from Jakarta, Surabaya and Denpasar. Schedule:



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GA642 UPG1250 – 1415GTO 738 D
GA643 GTO1500 – 1620UPG 738 D



source, http://airlineroute.net/2011/02/17/ga-upggto-feb11/
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Old February 23rd, 2011, 09:27 AM   #1112
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Cathay Pacific increasing Indonesia service in Summer'11

Cathay Pacific in Summer 2011 season is boosting service to Indonesia. From 27MAR11, Hong Kong – Surabaya increases from 6 weekly to Daily.

From the same date, the oneWorld carrier is boosting service on Hong Kong – Jakarta route from 18 to 21 weekly. However, from 27MAR11 to 11AUG11, the additional 3 weekly flights will operate via Singapore, then converts to nonstop, which offers unified 3 daily flight options in both direction.

Schedule:


Hong Kong – Surabaya

CX781 HKG1555 – 1935SUB EQV D
CX780 SUB0815 – 1400HKG EQV D

Hong Kong – Jakarta


CX777 HKG0920 – 1305CGK EQV D
CX719 HKG1600 – 1940CGK EQV D
CX797 HKG1855 – 2240CGK 330 4
CX797 HKG1905 – 2245CGK 330 x4

CX798 CGK0005 – 0550HKG 330 D
CX718 CGK0820 – 1410HKG EQV D
CX776 CGK1500 – 2040HKG EQV D

Above Jakarta schedule is effective 13AUG11
Singapore – Jakarta sector schedule was mentioned on 19JAN11


source, http://airlineroute.net/2011/02/16/cx-cgksub-s11/
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Old February 23rd, 2011, 06:31 PM   #1113
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Old February 26th, 2011, 11:24 AM   #1114
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source http://www.asiatraveltips.com/news11...ndonesia.shtml


Quote:
Garuda Signs Lease with GECAS for Six Boeing 737-800s
Tuesday, 22 February 2011

Garuda Indonesia has signed an operating lease with GE Capital Aviation Service (GECAS) for six Boeing 737-800 Next Generation aircraft, and three CFM56-7B engines.

Three aircraft are scheduled to be delivered in June, September and October 2013. The other three aircraft will be delivered in June, September, and October 2014.

Commenting on the transactions, Emirsyah Satar, President & CEO Garuda Indonesia, said, “This agreement is part of Garuda’s ongoing fleet revitalization with brand new aircraft from Airbus and Boeing. By 2015 we will have a total fleet of 153 aircraft, including Airbus A330- series, Boeing 737-800NGs, and Boeing 777-300 Extended Range aircraft
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Old March 3rd, 2011, 10:02 AM   #1115
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I love the prospect and the look of future of GA. This vid is wonderful. A great insight to the past, present the road of future of Garuda Indonesia.

I thought Manila will be in their list of new destination this year?
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Old March 4th, 2011, 03:17 PM   #1116
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I know GA is planning to work on segments of the Philippines workforce this year/2011 by opening air service route from Jakarta to Manila.

By opening a route from Jakarta to Manila vv, Garuda will open access to airline workers from the Philippines to Saudi Arabia. Philippine Workers flown in from Manila to Jakarta and then immediately flown from Jakarta to Jeddah, Saudi Arabia.
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Old March 4th, 2011, 03:19 PM   #1117
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I wonder how GA directly entering MNL-CGK would affect its codeshare with PR. However, it does open new opportunities for Australia and Europe. Plus more SkyTeam carriers serving the Philippines is always a plus!
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Old March 4th, 2011, 03:27 PM   #1118
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^ I'm also wondering about that... is there really a market between CGK-MNL to warrant 2 flights a day between the 2 cities?
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Old March 4th, 2011, 03:57 PM   #1119
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Direct MNL-CGK is only three times weekly on PR, and four times weekly on 5J. Should GA introduce direct flights, it will increase flight frequencies, but it shouldn't do much to bring down prices on both legacy carriers unless GA discontinues its codeshare with PR. At the same time, I doubt GA will introduce daily flights off the bat.

I can see a lot of DPS, Australia and Middle East traffic going to GA though.
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Old March 8th, 2011, 09:18 PM   #1120
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Mandala Airlines: Cleared for Take Off?

http://www.balidiscovery.com/message...ge.asp?Id=6799

Courts and Debtors Approve Debt-for-Shares Plan for Indonesia's Mandala Airline.

(3/7/2011) The Management of Mandala Airlines has restated their commitment to recommence flight operations following the successful restructuring of the airlines debt, clearing the way for critical discussions with candidate investors and strategic partners that would get the airline back into the air.

The chief director of Mandala, Diono Nurjadi, quoted by the National news agency Antara, said, "We want to start operating again as soon as possible." Diono told the press that a vote taken on February 24, 2011, among the airline's creditors showed a majority of two-third were in favor of plans to covert outstanding debt into equity in the company.


In the next step, Mandala sought and obtained approval for their restructuring plan from the court in Jakarta. The court authorized Mandala to issue "Series C" share with a nominal value of Rp. 2.500 per share for conversion against debts owed by the airlines to its creditors.

While Mandala is known to be actively courting new capital investors, Diono would not reveal to the press the names of any potential stakeholders, while insisting there are several candidates.

The court-appointed administrator to oversee the restructuring, Duma Hutapea, confirmed that with two-third approval of the debt-to-equity swap the legal requirements for majority approval by a quorum for any restructuring plan had been met. From a total of 345 registered creditor who attended the restructuring meeting, 304 voted in favor of the offered settlement put forth by the airline, 37 voted against, 3 abstained and one vote was invalidated.

From a total debt of Rp. 2.366 trillion (US$26.29 million) approximately Rp. 1.7 trillion or 70% of the company's debt would be addressed by the restructuring plan.

Duma told the press he was pleasantly surprised that the charter companies owed money by Mandala accepted the debt-to-equity proposal.

One of the Airlines major creditors, Lufthansa was among the 37 creditors rejecting the share conversion plan, offering a strategic partnership with Mandala as an alternative. Lufthansa is currently owed around Rp. 89 billion (US$9.9 million).

Mandala ceased operations on January 13, 2011, due to severe cash shortages.

Mandala when in operation was one of only a handful of Indonesian air carriers that managed to fulfill stringent safety certification procedures established by the International Air Transport Association (IATA) which qualified Mandala, together with the national airline Garuda, to fly over and into European air space.

source http://www.balidiscovery.com/message...ge.asp?Id=6799



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