Tuesday, September 27, 2011

Saratoga Group became the majority shareholder of Mandala Airlines

Saratoga Group became the majority shareholder of Mandala Airlines
Saratoga Group eventually became the majority shareholder of Mandala Airlines. Saratoga Group's ownership by 51% after signing the official documents conditional sale and purchase agreement. Besides Saratoga, Tiger Airways is also a new ownership of Mandala Airlines...

Tuesday, September 20, 2011

CSAV posts first half loss of US$525 million, looks to partnership

CSAV posts first half loss of US$525 million, looks to partnership
CHILEAN carrier CSAV recently announced a net loss of US$525 million in the first half of 2011, having made continuous losses for three years in a row since 2008, totalling $1.05 billion. Searching for way back to profitability, the carrier said it was looking for a...

Saturday, September 10, 2011

LION Air passengers increased during the Islamic holiday

LION Air passengers increased during the Islamic holiday
PT Lion Mentari Airlines recorded an increase in the number of passengers during the  Islamic holiday this year, which is reach 1.2 million passengers, increase 20%compared with the last transportation year's period. Edward Sirait, Managing Director of Lion Air,...

Friday, September 2, 2011

GARUDA INDONESIA earned IDR 6.02 trillion in the 2nd quarter 2011

GARUDA INDONESIA earned IDR 6.02 trillion in the 2nd quarter 2011
PT Garuda Indonesia (Persero) Tbk earned revenue to IDR 6.02 trillion in the second quarter of 2011 or an increase of 40.5 percent over the achievement in the same period in 2010, amounting to IDR 4.28 trillion. The figure also shows an increase by 16 percent compared...

Thursday, September 1, 2011