Garuda Indonesia needs special terminal

The airline company which has the second largest number of passengers in Indonesia, Garuda Indonesia, needs a special terminal at the terminal of Soekarno-Hatta (Soetta), Jakarta. The terminal is to anticipate the development of the airline business is expected to increase almost doubled in 2014 later.

In the year 2009, the total number of passengers carried by Garuda Indonesia more than 10 million people.

According to President Director of Garuda Indonesia, Emirsah Sattar, currently Garuda Indonesia already operates 74 aircrafts and by 2014 its fleet will increase to 116 units. Garuda Indonesia also has selected Jakarta as a base of operations. "We need a dedicated terminal for us," said the Emir in Jakarta. Nevertheless he was evasive that Garuda Indonesia is also required to participate to build its own terminal at the Soekarno Hatta airport. "Too much for it," said Emir.

For time being, Garuda Indonesia has formed a team to advise the Board of Directors. Angkasa Pura II as the organizer of Soekarno-Hatta airport.

As is known, PT. Angkasa Pura II will create a grand new design for the Soekarno Hatta airport. Grand design is expected to be completed later this year and will be implemented next year. Indonesia Minister of State Owned Entreprises, Mustafa Abubakar also have to allow private parties to participate in developing and managing Soekarno Hatta airport. Some news said, Schipol airport management (Netherland), Changi airport management (Singapore) and the airline Air Asia Group is interested in developing the biggest airports in Indonesia.

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Garuda Indonesia order six Airbus A330-200

PT Garuda Indonesia managed to complete the rescheduling of debt payments the company to European Credit Agency or the ECA amounted to 247 million U.S. dollars until 2016. In line with this, Garuda Indonesia also ordered six Airbus A330 aircraft valued at 1.15 billion U.S. dollars.

"Yes. In principle, the agreement with the ECA has been completed. We ordered six Airbus A330-200," said Emirsyah Satar President Director of Garuda Indonesia. In an official statement mentioned by Garuda Indonesia, Garuda Indonesia announced the reservation of six Airbus A330-200 aircraft in addition to the contracts signed in 1989.

Announcements ordering six A330-200 aircraft is carried out jointly by the President Director of Garuda Indonesia, Emirsyah Satar and Airbus President & CEO Tom Enders and witnessed by the Ministry of Transportation Directorate General of Civil Aviation Herry Bhakti Sungayudha Gumay. The plane was scheduled to start arriving in the fourth quarter of 2012, and will strengthen the ranks of Garuda Indonesia fleet.

Garuda Indonesia currently has four A330-200 aircraft and six A330-300s that it operates. New A330-200 aircraft will be equipped with various features that add convenience of passengers who were divided into two classes service, ie business class and economy class. The aircraft will serve the cities of destination in the Asia-Pacific, Middle East, and Europe. This aircraft will be equipped with Trent 700 engines from Rolls-Royce.

"Since we operate last year, the A330-200 aircraft have been proven to have excellent ability, especially in terms of economic and operational," said Satar, Garuda Indonesia President Director. Tom Enders - Airbus President & CEO - said it was pleased to reestablish the long-term partnership with Garuda Indonesia. "This plane reservations to reaffirm that the A330 aircraft is the most efficient aircraft in the medium category at the moment and the right choice for airlines around the world," he said.

To date, nearly 700 A330-200 aircraft has been operated by 80 airlines around the world.

Garuda Indonesia earn US$ 300 Million from IPO

The airline company - PT Garuda Indonesia – have a target to earn a ‘fresh funds’ US$ 200 million - US$ 300 million from the implementation of the initial public offering (IPO) in Indonesia Stock Exchange (BEI). Garuda Indonesia will appoint their underwriters on the IPO on this recent weeks.

Emirsyah Satar, president director of Garuda Indonesia, said the IPO funds will be used to increase the number of aircraft and expand the network coverage of Garuda Indonesia. "We will soon appoint the underwriters," said Emirsyah in a special interview with Bloomberg in Singapore, Monday (1/2/2010). Garuda Indonesia will become the second airline in Asia to sell its shares in the IPO for their business expansion in line with economic recovery in Asia from a global recession.

Survey of International Air Transport Association (IATA) said that on 2009, Asia took over the position of North America as the largest market for the world aviation industry. "There is optimism in the airline industry and therefore the interests of investors (for entry into the aviation industry) began to return," said Binit Somaia, Southeast Asia Center Director fos Asia Pacific Aviation, an aviation consulting agency based in Sydney. Somaia said, there is currently no sign of the airline industry would booming, but he was convinced the worst was over.

According to Giovanni Bisignani, IATA chief executive officer, the number of passengers using the aircraft in the Asia Pacific region in 2009 reached 647 million passengers, more than the number of passengers in North America reached 638 million. He added that there are approximately 217 million additional passengers who will fly in 2013.

The growth of the airline industry so rapidly which attract investment from the world's billionaires. Example, Wilbur Ross, who founded the budget airline in India and Richard Branson who opened a similar flight in Malaysia. Tiger Airways Holdings Ltd.., a budget airline owned by Singapore Airlines Ltd., last month offered its shares to the public through an IPO to fund their expansion.

This year, Garuda Indonesia would receive delivery of 23 Boeing 737 aircraft from Boeing Co.. Emirsyah also said, in the year 2014 Garuda will buy 90 Boeing 737 aircraft. This company had received an approval from the holders of bonds last month to restructure debt and pave the steps toward an IPO gate. In fact, Garuda plans IPO has been initiated since 1998. Garuda Indonesia target can double the number of its fleet to 103 aircraft in 2013, acquiring the local airline, and fly to several new destinations in Japan, South Korea, and Europe.

Garuda Indonesia Revenue Reach IDR 17 Trillion

In 2009, Garuda Indonesia had recorded revenues of IDR 17 trillion. This revenues increased approximately 3 percent compared to 2008. The Garuda Indonesia Finance Director, Eddy Porwanto said this achievement success was not separated from the success of Garuda Indonesia flew of 10 million passengers.

"There's increased revenue due to our revenue in 2008 is IDR 16 trillion. This year is estimated to rise again due to market trends is also quite good," Eddy said on delivery certificate of MURI Immigration service on Board of Garuda Indonesia in Jakarta, Tuesday (26 / 1 / 2010).

Although the balance of profit and loss have not finished audited yet, Eddy optimist the Garuda Indonesia net profit will achieve the target’s set. Some time ago President & CEO of Garuda Indonesia, Emirsyah Satar said their target revenues is 3 percent, but targeted of net profit still rose 20 percent. This can be achieved by doing cost-efficiency so cost can be suppressed.

Eddy Porwarnto added, in this 2010 Garuda Indonesia expects to spend U.S. $ 100 million for company capital expenditures. Until early 2010, Garuda Indonesia has been operating as many as 67 aircraft and until the end of 2010, there were eight fleet is projected to be brought back.

Garuda Indonesia load factor 85 percent to Amsterdam

PT Garuda Indonesia is confident to achieve the target average of load factor 80 percent to 85 percent for Jakarta-Amsterdam route which opened on June 1, 2010. To be able to reach it, the state-owned airline company already started the promotional activities since the beginning of this year.

The Garuda Indonesia President Director, Emirsyah Satar said, the company has prepared a number of promotional activities associated with the opening of the flight route to Amsterdam.

"Garuda Indonesia to do promotions at the event in Utrecht Vacancie Bourse and Travel Mart in London earlier this year. So the market of this new route not only the passengers from the Netherland, but also throughout Europe," said Emirsyah.

Besides promotion in the Netherlands and the United Kingdom, according to Emirsyah, next month Garuda Indonesia will also participate in a tourism exhibition held at the ITB Berlin Convention in Germany. "We are also working with big travel agents in Europe. So we dared to target average load factor 80 percent to 85 percent," he added.