Indonesia's Government is reviewing plans to establish an independent evaluating committee to monitor and evaluate the realisation of Garuda Indonesia`s plan to raise up to USD350 million through an initial public offering (IPO) in Feb-2011 (ANTARA News/Jakarta Globe, 13-Jan-2011). The carrier commenced a series of investor meetings on 13-Jan-2011 in Singapore to gauge demand for its IPO. Garuda president director Emirsyah Satar said: “We are meeting with 26 institutions in Singapore. So far the response is positive. However, don’t ask about a price range. We did not talk about price but value.”
Government reviewing plans to establish committe to evaluate Garuda IPO
You may also be interested in the following articles...
Singapore Airlines to launch Jakarta-Sydney, further intensifying SE Asia-Australia competition
Singapore Airlines (SIA) will launch services from Jakarta to Sydney in Nov-2016, resulting in new competition for rivals Garuda Indonesia and Australia’s Qantas Airways. SIA’s entrance on the Jakarta-Sydney route is a strategic move and highlights its desire to pursue new areas of growth.
The Indonesia-Australia market is a logical market for SIA as it seeks to diversify its business. Indonesia and Australia are already SIA’s two largest international markets and Garuda and Qantas are already among its biggest competitors.
Competition within Asia Pacific, including the Southeast Asia-Australia market, has been intensifying. In the current highly competitive and challenging environment airlines are constantly jockeying and exploring new options to improve their position.
Lufthansa Group-Singapore Airlines JV Part 2: Lufthansa targets Indonesia with JV, Garuda interline
Lufthansa Group is aiming to increase sales in Indonesia through a new codeshare with Singapore Airlines (SIA) and SilkAir, along with a new interline with Garuda Indonesia. Lufthansa suspended one-stop services from Frankfurt to Jakarta in late 2015, but should be able to serve the fast-growing Indonesian market better through partnerships.
Indonesia is one of eight markets covered under the new joint venture between Lufthansa and Singapore Airlines. However, Lufthansa does not want to rely entirely on the JV to cover Indonesia and has just implemented a new special prorate agreement with Garuda.
Indonesia is Lufthansa’s second largest offline market in Southeast Asia after Malaysia. Lufthansa is also using the new JV with SIA to cover Malaysia, as it dropped services to Kuala Lumpur in early 2016.