Garuda Indonesia will buy 100 planes worth IDR 37.5 trillion

In order to strengthen its position in commercial aviation, PT Garuda Indonesia (Persero) Tbk will gradually increase the number of aircraft. The company's ambition is to bring 100 units of aircraft until 2015.

President Director of Garuda Indonesia, Emirsyah Satar said it had set up an investment of IDR 37.5 trillion to streamline the plan. "Investing is not yet included for maintenance facility outside of Jakarta," he said in Jakarta.

Emirsyah said two-thirds of the value of the investment is the purchase of new aircraft from bank debt. "We have formed a partnership with Standard Chartered," he said. Not only that, the company also opens the option to issue bonds or shares (rights issue).

Currently, the company's stock coded GIAA has had 94 aircraft. If all aircraft orders arrived, Garuda Indonesia to fly as many as 194 aircraft. Fleet that will be imported is composed of several types. The details, as many as 50 Boeing 737-800, 10 Boeing 777-300ERs, 36 units Bombardier CRJ100, and the rest of Airbus.

Garuda Indonesia's just not going to buy the whole plane. Some of them rent or lease status. Unfortunately, Emirsyah not reveal its composition. Vice President Corporate Communications Garuda Indonesia, Pudjobroto explained that currently half of Garuda Indonesia's own status and half rent. He admitted, it is easier to buy than rent a plane. "Renting is also a strategy of keeping aircraft average age of the aircraft still young, which is five years," he said.

Later, the new aircraft will be used to connect the hub in Indonesia. Fleet will be brought not only to the needs of Garuda, but also for Citilink Indonesia that business in low-cost service.

Pudjobroto explained, adding the aircraft would be done gradually. In the second semester, the Garuda will add 11 aircraft. Thus, at the end of this year, Garuda will operate 105 aircraft. In October, Garuda will be the arrival of two units with a capacity of 96 passenger Bombardier CRJ100. "The aircraft will be put in Makassar hub for low-density routes," said Pudjobroto.

In addition to strengthening its fleet, the airline will also continue development of five hubs. After Jakarta and Denpasar, the next hub will be built is Makassar, Medan and Balikpapan.

Currently, Garuda has started putting planes in Makassar hub. While the hub Medan expected to be completed next year as it is awaiting the readiness Kualanamu Airport. While the Singapore hub will begin construction next year.

Later, after the fifth hub operations in 2014, Garuda flight frequency targets were now only 390 a day to 1,000 a day. With the increasing frequency of flights, Garuda also targets increasing the number of passengers. If last year flew 17.1 million people this year to 45.4 million. The number was a combination passenger and Citilink Garuda.

In 2012, Garuda eyeing a revenue of IDR 32.59 trillion. The amount is 20% higher than last year's realized income, IDR 27.16 trillion. Until the first half of this year, Garuda Indonesia has earned revenues of U.S. $ 1.51 billion, or around IDR 13.89 trillion. Revenue was up 17% compared to the same period in 2011. But, Garuda still bear a net loss of U.S. $ 2.02 million in the first half of this year.

GARUDA INDONESIA expects 10% rise in passenger numbers

PT Garuda Indonesia Airlines Limited (GIAA) targeting an increase in passenger numbers by 10% in the second quarter compared to first quarter 2012 of 4.6 million passengers. While the first quarter of 2011 compared with year-on-year (yoy), there will be an increase of 20%.

"For the next quarters, the relative has the same growth," said Elisa Lumbantoruan, Director of Marketing and Sales PT Garuda Indonesia.

According to Elisa, the increase was due the addition of the aircraft that carried out by PT Garuda Indonesia. The company will operate 194 aircraft in 2015. On the other hand, the company is also to increase the utilization of operational aircraft. "Now we have 92 aircraft," he said.

Flight to Jakarta-Taipei route, added Elisa, PT Garuda Indonesia passengers projected occupancy rate (load factor) of 70%. With daily flights (daily flight) or seven times a week. "The reason to reopen, we see the traffic from the airline China Airlines and EVA Air up to 110 flights per week from Taipei to Indonesia," she said.

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Garuda Indonesia Targets 21% Growth in Revenue

PT Garuda Indonesia Tbk expects revenue to grow 21% in 2012 to Rp32, 8 trillion from the position last year Rp21, 7 billion (unaudited).

"Garuda Indonesia closed the year 2011 with earned income (unaudited) IDR 27, 1 trillion. Revenue increased 39% compared to the period of 2010 amounted to IDR 19, 5 billion. Increased revenues (unaudited) was successfully achieved through the expansion of the company's operations through the program "Quantum Leap" and through the company's efficiency programs as well as through the utilization of assets, "said Director of Garuda Indonesia Emirsyah Satar.

Satar added to achieve a target turnover in 2012, Garuda Indonesia prepares capital expenditures IDR 1, 43 trillion or an increase of 2010 amounted to IDR 906 billion. "Capital spending is outside the aircraft deposit payments," he said.

During 2011, Garuda Indonesia succeeded in carrying 17.1 million passengers, ie as many as 13.9 million domestic passenger, international passenger 3.2 million, an increase of 36.8% compared to 12.53 million passengers in 2010. Production capacity (availability seat kilometer / ASK) in 2011 also increased by 26% to 32.5 billion compared to 25.77 billion in 2010.

In addition, passenger yield increased by 12.4% to U.S. $ 0.0963 (9.63 U.S. cents) compared to 2010, which amounted to U.S. 8.6 cents. "International flights contributed 46% to the total turnover of the company, and this year an estimated 50%," he said.

In the period 2011, Garuda Indonesia also managed to increase its market share (market share) in the domestic market to 28.3%, an increase of 5% over the same period last year of 23.7%.

In industry, the domestic air passenger market in 2011 grew by 16%, but Garuda Indonesia passenger market increased significantly by 36%, higher than any other airline increased an average of 9%.

International passenger market grew 12% with Garuda Indonesia successfully grow 29.5% at 8% over other airlines. Finance Director Garuda Indonesia, Elisa Lumbantoruan said in 2012 it was budgeted to pay debt of U.S. $ 131 million, the debt position of U.S. $ 512 million at the end of 2011, up from U.S. $ 476 million because in 2011 there is a new loan of U.S. $ 50 million.

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GARUDA INDONESIA target in 2015

Garuda Indonesia is targeting 35.2 million passengers in 2015.

Emirsyah Satar, president director of PT Garuda Indonesia, said that Indonesia's economy is getting better so that the target would be overtaken. "Target will also need the support infrastructure, such as access to the airport by road and train," he said.

Meanwhile, Garuda Indonesia passenger target this year reached as many as 17 million passengers. Target passengers as much as it is included with the passengers from Citilink.

In order for an aircraft passenger comfort stay awake, PT Angkasa Pura II is currently reviewing the development of Soekarno Hatta airport. "There are land acquisition to expand the Soekarno Hatta Airport," said Tri Sunoko President Director of PT Angkasa Pura II.

Land acquisition is estimated according to the Tri require a land area of ​​830 ha. and expected to require an investment cost of IDR 6-7 trillion. This land acquisition for airport expansion is predicted to be completed in 2014.

Meanwhile, now there are several parties interested in being an investor. "Among these are Airport GMR,GVK Group, Incheon International Airport," said Tri. [Garuda Indonesia target in 2015]

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