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The Jakarta Post reports that Garuda Indonesia has allocated US$100 million (70 million euro) for expenditure in 2010 as the first of five yearly installments that will increase the airline's present fleet from 67 to 116 aircraft. Garuda's finance director Eddy Purwanto told the press, "We plan to spend $100 million in capital expenditure in 2010 to buy more planes as well as to fulfill Garuda's other operational expenditure."
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The national flag carrier Garuda Indonesia has announced that it would add a flight between Surakarta and Jakarta starting from November amid growing demand on the route. "We will fly early in the morning so that businessmen from Surakarta don't have to fly from Yogyakarta," Syamsuddin, the Garuda general manager in Surakarta, said.
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Garuda Indonesia has been charged by the Australian Consumer and Competition Commission (ACCC) for conspiring to fix air cargo prices. The lawsuit alleges that Garuda and other carriers of colluding to fix fuel and security surcharges in Indonesia and Hong Kong between 2001 and 2006.
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Inbound passengers to Bali on board Garuda Indonesia flights from Tokyo are seeing their waiting time at the airport of Bali reduced by virtue of a new on board immigration service now in operation. Explained by the manager of Garuda Indonesia in Denpasar, Bagus Siregar, passengers will have their passports processed by immigration officers during their flight from Tokyo and Bali.
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Garuda Indonesia will add 42,226 seats to its scheduled services operating September 16 0 28, 2009, to meet an expected surge in demand over the Islamic Lebaran holidays. The extra seats will be create by adding extra flights or increasing the size of aircraft used on an existing 17 domestic and 7 international routes.
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Once more Garuda Indonesia has announced that it will start with direct flights to the Netherlands again. Their last flight from Amsterdam was late 2004, and because of the current ban for Indonesian airliners to land in countries of the European Union, Garuda has to hold out a little while longer.
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Bank Mandiri, the biggest lender in Indonesia, has announced that it will take an 11 percent stake in now state-owned Garuda Indonesia. All parties involved agreed on this share for Bank Mandiri. Under the plan, Mandiri will convert 100 million dollar of the bond debt into equity. The buy values Garuda Indonesia around 910 million dollar (635 million euro).
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Garuda Indonesia has again presented plans to raise between 300 and 400 million dollar in an initial public offering (IPO) early 2010. Emirsyah Satar told reported that the funds raised from the IPO would be used to pay for the expansion plans of the company. He added that Garuda Indonesia was worth some 1.5 billion dollar (1.1 billion euro).
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President Susilo Bambang Yudhoyono has formally inaugurated the new head corporate offices for Garuda Indonesia located at Jakarta's Soekarno-Hatta Airport. According to Bisnis.com, the cost of the new home-base for Indonesia's national carrier is Rp. 112 billion (7.9 million euro).
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Garuda Indonesia - Indonesia's national airline and state owned company - informed the public that they have had a vision. A vision of billions of Rupiah in a vault, profits from their operations worldwide. Gold coins and millions of banknotes stacked as high as the ceiling with transporting three times as much passengers as they do now... in just five years time.
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Garuda Indonesia has abandoned plans to acquire either Linus Airways or Star Air following the formal revocation on July 26, 2009, of the operating licenses of the two air carriers by the Indonesian Department of Civil Aviation.
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The European Union will soon partially lift a blanket ban on Indonesian airlines, imposed in 2007 after a series of deadly air accidents, the Indonesian Transport Ministry said Saturday. The EU's Air Safety Committee has recommended that the bloc drop the ban on national carrier Garuda Indonesia and three other airlines which are deemed to have met EU's safety standards, said Bambang Ervan, a spokesman for the ministry.
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Unsuccessful in their bid to reach an agreement that would allow the purchase of 100% of the shares of Linus Airways, the national air carrier Garuda Indonesia is reported to be near finalizing an agreement to purchase Star Air. Both Linus Airways and Star Air ceased operations in 2008. Garuda is seeking to purchase the operating licenses of an existing Indonesian carrier as a "fast track" solution to the lack of an airline operating license and other licenses needed for its low-cost subsidiary Citilink.
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Just days after Garuda Indonesia announced it would be abandoning its nearly three decades of service between Darwin, Northern Territory, Australia and Bali, Indonesian Air Asia (IAA) have stepped up to the plate and declared their intentions to assume that route.
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Bali Post reports that Garuda Indonesia is considering re-establishing flight service between Bali (Denpasar) and Brisbane, Australia. The re-examination of the viability of putting Brisbane back on the Indonesian carrier's Australian gateways comes on heals of the recent termination of service to Darwin and an ongoing evaluation of route efficacy.
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Garuda Indonesia will commence daily service between Bali and Kupang, effective May 1, 2009, the latest addition in the national carrier’s "look eastward" following the launch of its flights between Bali and Lombok in April 2009. Bucking the worldwide trend of shrinking airlines, Garuda is set to open 18 new domestic routes in 2009.
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An Indonesian court on Monday sentenced a pilot from the country's national airline Garuda to two years in jail for crashing a passenger jet in 2007 in the central Javan city of Yogyakarta, killing 21 people. The court found M. Marwoto Komar guilty of criminal negligence.
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Bisnis.com reports that Garuda Indonesia will open 18 new regional routes commencing January 16, 2009. Pujobroto, the Airline's Corporate Vice-President, depicted the opening of the new routes as part of Garuda's overall growth plan. "The development of the new routes will be supported by 14 new Boeing 737NG that will begin gradually arriving in mid-2009," explained the Garuda official.
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Garuda Indonesia will be taking delivery of brand new Boeing 737-800 NG aircraft in May 2009. The Vice-President of Garuda, Pujobroto, said the new airplanes are the first delivery of 50 "new generation" B737-800s on order by the Indonesian national carrier from the Boeing factory in Seattle, Washington (U.S.A.).
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Garuda Indonesia is targeting a net profit of Rp. 518 billion (38.4 milion euro) for the year 2008, an increase of 100% over the Rp. 259 billion profit booked in 2007. The CEO of Garuda, Emirsyah Satar, told Bisnis Indonesia that he is optimistic that the targeted profit can be achieved against forecasted income for the year of Rp. 17 - 18 trillion (1.29 billion euro).
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Garuda Indonesia is planning to re-commence service to major capital cities in Europe in 2010 once additional aircraft become available to operate these flights. The airline's CEO, Emirsyah Satar, told Bisnis Indonesia that the 10 new Boeing 777s on order will start arriving in Indonesia in 2010. Explained Satar: "Our armada is still insufficient to fly to Europe and we must await the delivery of new Boeing 777. The delivery will take place in 2010, we can do nothing but wait."
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PT Garuda Indonesia is preparing 44,000 additional seat to handle the expected surge in demand expected over the Lebaran and Idul Fitri period of September 2008. The Head of Communications for GA. Pujobroto, has issued a press release stating that from September 25 - October 6, 2008 the airline will add 44,533 seats over 11 selected routes. The 11 routes to benefit from the increase in seats are comprised of 8 domestic routes and 3 international routes.
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President Susilo Bambang Yudhoyono has decided to cancel his planned state visits to several European countries. He will not bring a visit before the ban for Indonesian airlines to fly to any country in the European Union has ended, in special the ban for Garuda Indonesia. "The President only wants to fly with Garuda Indonesia," said Minister of Transportation Jusman Syafii Djamal.
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Garuda's fleet of new Boeing 737-800 New Generation aircraft have begun to arrive in Indonesia from their production plant in Seattle, Washington (U.S.A.). Quoted by Tempo Interaktif, the CEO of the Airline, Emirsyah Satar said on Thursday, July 17th, "one unit arrives on Friday and another one next month."
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Garuda Indonesia has announced that it will work together with Singapore Airlines on the operational field starting today. They will work together in offering flights and selling tickets. With this cooperation they hope to increase the number of foreign visitors Indonesia, in special to Bali. "The code-share with Singapore Airlines is the first step towards a daily flight service between Singapore and Bali starting early August," said the general director of Garuda Indonesia, Emirsyah Satar.
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Bisnis Indonesia reports that Garuda Indonesia has followed up its recent move into profitability by announcing plans to purchase 10 Boeing 777-200ER aircraft worth an estimated US$2 billion to support route expansion plans to Europe, the Middle East and East Asia.
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Indonesia’s supreme court has sentenced a former Garuda Indonesia airline pilot to 20 years in prison for the 'politically' motivated murder of one of the country’s leading human rights activist, it was announced on Friday. A court spokesman said the judges found Pollycarpus Priyanto killed Munir Thalib by poisoning his drink at Singapore’s Changi airport on September 7, 2004 while they chatted during a stopover of Munir’s flight from Jakarta to Amsterdam.
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Tempo Interaktif reports that Garuda Indonesia created a profit of Rp. 218 billion (16.8 million euro) in the period January-September 2007, an increase of 150% over the same period in the preceding year. Garuda suffered a loss of Rp. 436 billion (33.5 million euro) in 2006. "Current results are a good step, while over the past three years Garuda always suffered losses," explained Garuda Chief Executive Officer, Emirsyah Satar.
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Asia aviation soared to new heights on Thursday, October 25, 2007, with the inaugural flight of the Airbus 380 from Singapore to Sydney, while in Indonesia aviation circles were reaping publicity of a less favorable kind when six Boeing 737-400 aircraft leased by national flag-carrier Garuda Indonesia were seized by Indonesian customs and excise officials in Jakarta.
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Garuda Indonesia plans to add four Boeing 737-400 aircraft to its fleet in January, according to Bisnis Indonesia on Monday, which cited a company executive. "We are ready to bring in four B737-400 airplanes in January 2008 while waiting for the arrivals of the Boeing 737-800NGs," quoted the newspaper.
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Despite the current blacklisting of all Indonesian registered commercial aircraft from European airspace by the International Civil Aviation Organization (ICAO), the Indonesian national flag carrier Garuda Indonesia appears adamant in its desire to resume service to Europe, planning to recommence service to Amsterdam in 2008.
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Garuda Indonesia has announced that they will add 29,475 additional seats on flights to 9 of their international and domestic destinations to handle the added business demand over the coming Lebaran Holidays.
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The national airline of Indonesia, PT Garuda Indonesia, is in talks with Airbus to buy some 20 Airbus A320 planes to expand it's fleet for domestic routes, according to an official from the airline on Thursday. Talks with Airbus, a unit of European aerospace group EADS, come after a deal with Boeing last March for 25 737-800 planes with an estimated value of 730 million euro.
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After many years of writing its financial results in red ink, Garuda Indonesia closed the first semester of 2007 by reporting a net profit of Rp. 148 billion (11.56 million euro). In an impressive turn-around, the current profit results stand in stark contrast to the first six months of 2006 when the Airline reported losses of Rp. 361 billion (28.20 million euro).
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On July 4, 2007, Tempo Interaktif reported Garuda Indonesia is in the process of renewing its certficaton for compliance with the strict safety standards of the International Aviation Transport Association (IATA). According to Tempo, the national airline has already met 95% of the standards of the International Aviation Operational Safety Audit (IOSA), scheduled to be carried out in August.
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Over 70 pilots from Garuda Indonesia - Indonesia's national flag carrier - have resigned so far this year. They say poor working conditions and low salaries are the cause, according to the head of the airline's union. Most of the pilots have accepted more lucrative packages by other regional airlines, of which some are planning expansions of their fleets.
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A Garuda Indonesia plane with almost 250 passengers aboard returned to the airport of Surabaya shortly after take-off because the pilot heard a "buzzing noise", according to a report. The plane had departed from the airport just 15 minutes earlier and was heading for Singapore when the pilot decided to turn around, as was told by a company official. "The pilot decided to return back as the buzzing noise disrupted his concentration," said Sudjoko Dalijo, a Garuda manager in Surabaya.
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According to the Indonesian-language Bisnis Indonesia, President Bambang Susilo Yudhoyono has expressed the wish that the 250-hectare cultural park and monument Garuda Wisnu Kencana (GWK) complex on Bali's Ungasan peninsula can be finally complete by October 2008, in time for the World Cultural Festival planned in Bali.
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A Garuda jetliner with 142 people on board made an emergency landing at the airport of Makassar, South Sulawesi earlier today after a problem developed with one of it's wheels. Flight GA 602 was carrying 134 passengers and eight crew and had departed from Jakarta to fly to Manado in North Sulawesi. "The plane has finally landed smoothly. All passengers on board the plane were fine," said Yan Daulina, spokesman of Hasanuddin airport in Makassar.
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The Indonesian passenger jet that crashed one month ago was flying with speeds up to 425 km/hour, almost double the normal landing speed. The crash killed 21 of the 140 people aboard. This was told by the chief investigator earlier today. A preliminary report had not yet determined however, if it was the pilot that caused the Boeing 737-400 to overshoot the runway, according to Marjono Siswosuwarno.
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Garuda Indonesia has signed a deal with Boeing to buy 25 737-800 planes with a total value of around US$ 1 billion. This was announced by the chief executive of the airline earlier today. It is aiming to replace it's aging fleet. Emirsyah Satar didn't give an exact value of the deal, but he told at a news conference that new passenger planes of this type are typically priced between US$35 and 40 million.
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The so-called 'black box' - or flight recorder - from the Garuda Indonesia passenger plane that crashed on the airport of Yogyakarta city last week, has been send to the United States after the Australian experts failed to retrieve the most vital data. This was told by an investigator on Monday. A team of Australians worked on the two flight recorders over the weekend, but they were not able to retrieve the cockpit voice recordings. Other information had been retrieved successfully however.
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At least 21 people are dead and many others injured after a plane of airliner Garuda crashed upon landing and burst into flames at the airport of Yogyakarta, central Java. "I saw many bodies, dozens of bodies badly burnt near the exit," told captain Yos Bintoro, an airport official to ElShinta radio after the accident. "I saw people dead in the cockpit. I cannot say if that's the pilot or co-pilot," he said.
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Flag carrier PT Garuda Indonesia said that it had met creditors, floating rate notes holders in particular, in Singapore on Friday. "Apart from explaining the company`s financial performance and operation, we also reported our plans and debt restructuring," Garuda president Emirsyah Satar said in a press release.
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Indonesia's government will seek approval from the creditors of national carrier Garuda Indonesia to dramatically cut its debt in a restructuring plan to be discussed this week, the transport minister said. Under the plan, the carrier's debt would be reduced from around 794 million dollars to 274 million dollars and require creditors to convert up to 30 percent of its debt into equity, Hatta Rajasa was quoted by AFP as saying late Tuesday.
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PT Garuda Indonesia plans to turn its Citilink service into an independent low-cost carrier, and it is considering leasing 10 Airbus A319s for the new airline, the Jakarta Post reported, citing a Garuda official. Garuda plans to spin off the Citilink business unit in the first half of this year, the newspaper quoted Joseph Saul, Garuda's vice president in charge of Citilink, as saying.
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Struggling Garuda Indonesia said its losses narrowed in 2005 due to improved cost efficiencies but earnings were hard-hit by bombings on Bali and high oil prices. The flag carrier's losses declined by 17.14 percent to Rp 672 billion (US$71.60 million) in 2005, its president Emirsyah Satar told a parliamentary commission. The already-ailing flag carrier has been hit hard by plunging arrivals on the Indonesian resort island of Bali after a triple suicide bombing there in October, as well as historically high oil prices.
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Singapore Airlines, Lufthansa, KLM Royal Dutch Airlines and Thai Airways International Airlines expressed interest in forming a strategic partnership with PT Garuda Indonesia, which may include injecting funds into the ailing national flag carrier, an official at the office of the Indonesian State Minister for State Enterprises said.
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PT Garuda Indonesia plans to seek a government bailout to keep flying after record fuel costs and mounting debt caused the state-owned national airline to post its first loss in three years. The airline is preparing the request, State Enterprise Minister Sugiharto, who oversees Indonesia's state-owned companies, said in an Aug. 5 interview in Jakarta. "We are about to decide whether we need to help.''
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A pilot for national airline Garuda Indonesia went on trial Tuesday over the alleged murder of a prominent human rights activist who was poisoned last year on a flight to Amsterdam. The high-profile case is seen as a crucial test of the government's willingness to crack down on rogue elements within Indonesia's powerful security forces, who for years have operated with impunity.
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National flag carrier Garuda International's operating loss almost doubled year-on-year to IDR139 billion ($14.5 million) in the first three months of 2005, the Jakarta Post reports. Rising fuel costs and intense market competition contributed to the loss, the report says, citing the carrier's chief executive Emirsyah Satar.
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INDONESIAN police have formally named a pilot working for national airline Garuda Indonesia as a suspect in the fatal poisoning of a leading human rights activist, according to his lawyer. The pilot, Pollycarpus Priyanto, was on the same flight as Munir from Jakarta to Singapore before the activist died after vomiting violently on the second leg of his trip to The Netherlands in September.
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Activists are interviewing an employee of national flag carrier Garuda Indonesia to find clues about Munir's mysterious death aboard a GA 974 flight from Jakarta to Amsterdam in September. They also suspect that Munir, who was found dead two hours before his plane was due to land in Amsterdam on Sept. 7, may have been poisoned on the flight from Jakarta to Singapore on Sept. 6.
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Garuda Indonesia's bid to halt its flights to Amsterdam and cut back on the number of flights to Guangzhou has raised concerns about the health of the national airline. The Amsterdam service has sentimental and historic value as it is one of Garuda's earliest overseas destinations. On the other hand, Guangzhou is one of China's most dynamic industrial centres and many wealthy Chinese-Indonesians whose ancestors came from the area have returned as investors.
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Garuda Indonesia is planning to reduce or halt a series of services in the upcoming winter season, among them flights to Amsterdam and Seoul. The moves are "adjustment steps taken in line with the medium-term programmes of the company," a press statement by the state-owned airline said. It said that for the winter season Garuda Indonesia will "temporarily close the route to Amsterdam at the end of October 2004."
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Indonesia's national flag carrier, Garuda Indonesia, confirmed it would add 10 to 15 new Boeing 737-300s to its fleet to enhance its services in the domestic market. "Two of the new aircraft arrived last December. They will support our Citylink service, which until now has been using only five F-28s," Garuda director Indra Setiawan said. Indra added that the aircraft would also be used to serve other domestic routes, as well as to anticipate an increase in passengers of low-cost airlines.
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Eight flights at an airport in East Kalimantan province were delayed Wednesday afternoon after a plane overshot the taxiway and became stuck, an airport official said.
The official at Balikpapan airport said takeoffs and landings continued but one takeoff and seven arrivals were delayed because the Garuda Indonesia 737 could not be moved from the "over-run" area off the taxiway.
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Indonesia's state-owned airline, Garuda Indonesia, said on Sunday it would cut services within Asia by up to 30 percent due to falling passenger numbers caused by a deadly flu-like virus. The flag carrier said it would slash flights by more than half between Jakarta and neighbouring Singapore -- one of its most popular services -- and temporarily halt other flights to the island state where the virus has killed six people.
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National flag carrier Garuda Indonesia has been hit hard by fear of SARS (severe acute respiratory syndrome), with passenger numbers down 20 percent, a spokesman said here on Tuesday.
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Pilots at state-owned carrier Garuda Indonesia canceled a strike that was set to start Tuesday following a last-minute government intervention, a union spokesman said. It was the second time in a month that the pilots union has dropped plans to strike in its dispute with Garuda over wages. But the union on Tuesday insisted a strike remained an option if the company fails to meet their demands for salary hikes of up to three times their current levels.
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