Garuda privatization
About a month ago, Garuda Indonesia's aircraft crashed landing in Yogyakarta and distracted the privatization program. The following days, Rajawali Corporation---one of potential strategic investors along with Texas Pacific Group and other names, pushed government to accelerate the flag carrier's privatization arguing the need for a better management.
Today, Bisnis Indonesia reported that Garuda Indonesia has appointed Bahana Securities as the financial consultant for divestment of up to 49% shares to prospective investors amid protests from several pressure groups on the privatization plan. Bahana's partner is Ernst & Young. Garuda has also appointed Wiriadinata Wirawan as legal advisor for the privatization.
But don't ask the timetable. It's long way to go!
In the meantime, Garuda is seeking USD1 billion for financing of 25 Boeing 737-800 NG series with delivery to start May 2009.
READ MORE!!!
Today, Bisnis Indonesia reported that Garuda Indonesia has appointed Bahana Securities as the financial consultant for divestment of up to 49% shares to prospective investors amid protests from several pressure groups on the privatization plan. Bahana's partner is Ernst & Young. Garuda has also appointed Wiriadinata Wirawan as legal advisor for the privatization.
But don't ask the timetable. It's long way to go!
In the meantime, Garuda is seeking USD1 billion for financing of 25 Boeing 737-800 NG series with delivery to start May 2009.
READ MORE!!!
posted by yosef at 7:53 AM
2 Comments:
Are u sure about the name of the lawfirm? please check again, Wiryadinata Wiryawan has been splitted into two different lawfirm..
Until the mega corruption solved, Garuda cann't survive...
pls check
http://mega-dosa-garuda.blogspot.com
Post a Comment
<< Home