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SIA, Lufthansa, KLM, THAI consider partnership with Garuda JAKARTA - 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.

'Large international airlines that have filed (their interest) to become a strategic partner are airlines such as KLM, Thai Airways, Lufthansa and SQ (Singapore Airlines),' the office's secretary Said Didu told reporters. He said the partnership may include an option to convert any cash injection into Garuda shares. Garuda has also asked the government for a bridge loan of 105 mln usd for this year, he added.

'I think the government has to be ready to provide this loan if there is no strategic partner within one year,' Didu said. The airline has trouble meeting its annual debt payment of about 100 mln usd amid tighter competition and rising fuel costs. Garuda president Emirsyah Satar said the airline has secured a deal to reschedule its annual prinicipal payment on its 515 mln usd debt. State Minister for State Enterprises Sugiharto said last month the government considers selling Garuda to strategic investors this year.



Posted in Garuda Indonesia @ 06 January 2006 13:00 CET by Jeroen · 'Blog' RSS feed · permalink





sidia
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We prefer Lufthansa.
Deutsche grundlichkeit.



Agung
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We prefer SIA. The holiday feeling already starts before take-off and you can be rather sure you'll stay in one piece. Emoticon: Smile



londoh
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Who wants a company with debts amounting more than 800 million US $ and Indonesian management Emoticon: Shiny Emoticon: Shiny Emoticon: Shiny Emoticon: Shiny

Maybe Lion Air, that will be the joke of the century Emoticon: Laugh out loud





Jeroen
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I have used Lufthansa one time, but that's more than enough for me. Lufthansa is not a special airline. I'm still afraid that one day, when I book SIA, I will be put in a Lufthansa plane.. and I don't want to have a chance that I will be put in a messy Garuda plane.

But that's just my experience by flying them once, Garuda and Lufthansa



Agung
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Garuda is not that bad, al long as you don't drink orange jus..... Emoticon: Frustrated



Erik_
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Partnerships like this could scare away clients of the more respected/trusted airlines of the new partnership. I recall a flight a few years ago from Amsterdam to London. Even though the tickets were issued by KLM, we happened to find out the day prior to the flight that it would be executed by Kenia Airways. That's not what you want when you buy an expensive KLM ticket! I don't like to associate an African country with flying. Needless to say we changed the flight date so we would fly with a KLM plane. Of course, it may well be that Kenia Airways is trustworthy but in my opinion you cannot just put them in another plane.

More specific to my favourite choice of airline, I would go for SIA. I mean, where else could you find stewardesses that render such a personal Emoticon: Puh! service!



sidia
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Ik gok op lufthansa , gezien de goede verstandhouding Indonesia-duitsland.
Zeer zeker als Habibie weer terug komt naar PT Dirgantara Indonesia.
Want als PT D.I weer gaat herrijzen dan heeft het een goede toekomst.
Op dit moment zijn ze boekhoudkundig gezien failliet , maar een restart is niet onmogelijk.
ook gezien de markt(militair) van de N235 en evt. N250 toestellen.
Indonesia is een grote eilandenrijk met afgelegen plekken.
Hun droom om een jet toestel te producren(= assembleren) is ook niet onmogelijk in de toekomst.
Ze hebben veel van die N235 verkocht en als ik me niet vergist hebben ze in 1999 ook veel 200 toestellen tijpe N 250 verkocht.
Daarnaast maken zo ook diverse kleine toestellen en diverse heliopters in licentie.
De kennis is aanwezig, jammer dat ze geen geld hebben en dat in het verleden bakken vol geld werd weggegooid door inefficiency en mismanagement.
Ik zou wel de nederlanders gaan uitnodigen om als boekhouder te gaan spelen .Eeerlijk is eerlijk , daar zijn ze goed in .





tukad ganga
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So in English than
GARUDA-GOOD AND REAILBLE UNFORTUNEATLY DELAY ALWAYS.
LUFTHANSA-LETS US FUCK THE HOSTESS AND NEVER SAFE ARRIVE
THAI-THEY HAVE ALWAYS INCIDENTS
SIA-SUCKS IMMAGES ARROGANT
KLM-KLOTE LUCHTVAART MAATSCHAPPIJ



tukad ganga
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OH I FORGOT
HABIBIE-HAS ALWAYS BRING INTERESTING BUISINESS IN EXCHANGE



JohanN
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Nice abbreviations! Cool.
More specific: I think the current network of Garuda is of more importance for a European carrier than the debt. When buying Garuda, you just pay the debts with the rise of the goodwill on the balance. Easy accounting techniques. You also buy a company in a growing domestic Indonesian market, cheaper personel and the right to depart and land in a lot of countries.
All you have to do is make the airline more efficient......oeps! Emoticon: Wink
Regards, Johan



Jeroen
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I hope they have the chance to buy 50% +1 share, in that care they can 'blow up' Garuda in the first place, strip it from it's landing management and start over with the rest they can make a fresh start. Indeed what Johan says... cheap personel, growing market, landing rights, they are worth the money, not some 30-year-old planes and a bad management.

I know 'blowing up' in combination with 'airline' is not such a good choice of words, that's why I uses quotes.



sidia
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O.K.
Joint venture 51% indonesian and 49% foreign investors.
(24,5% KLM , oh sorry Air France and 24,5% Lufthansa).



Jeroen
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Air France told they didn't want to buy. KLM still has some money to spend independently from Air France so it seems.



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