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Garuda to the Exchange in Quarter 1-2010
State Enterprises Minister Mustafa Abubakar said, PT Garuda Indonesia to IPO (initial public offering) in the quarter 1-2010.
"We pray for public acclaim that stock investors would be released later will reach the target", he said without elaborating on the declaration Garuda environmental programs in cooperation with the Leuser International Foundation (YLI).
He said that Garuda will remove 25 percent of its shares to the public to strengthen the capital whose value is now $ 2.5 trillion.
Mustafa convey appreciation to PT Garuda who currently occupies four stars. Five stars is the highest star-owned airlines of the world.
"We hope that PT Garuda, which is built the ministry for state enterprises, can achieve five stars to go public so that the program can run smoothly", He said at the event attended the Managing Director of PT Garuda Emirsyah Satar.
"PT Garuda Indonesia optimitis initial public offering of shares will be realized in the first semester 1-2010 and IPO preparation process is carried out, including the capture underwriters (underwriter)," Emirsyah Satar said.
According to Emirsyah, IPO is a series of corporate restructuring in order to enhance corporate performance. Results of the IPO funds estimated at U.S. $ 300 million or around Rp 2.85 trillion.
"The results of the stock emissions will be used to finance the rejuvenation penembahan aircraft and aircraft, including service quality improvement", he said.
"We pray for public acclaim that stock investors would be released later will reach the target", he said without elaborating on the declaration Garuda environmental programs in cooperation with the Leuser International Foundation (YLI).
He said that Garuda will remove 25 percent of its shares to the public to strengthen the capital whose value is now $ 2.5 trillion.
Mustafa convey appreciation to PT Garuda who currently occupies four stars. Five stars is the highest star-owned airlines of the world.
"We hope that PT Garuda, which is built the ministry for state enterprises, can achieve five stars to go public so that the program can run smoothly", He said at the event attended the Managing Director of PT Garuda Emirsyah Satar.
"PT Garuda Indonesia optimitis initial public offering of shares will be realized in the first semester 1-2010 and IPO preparation process is carried out, including the capture underwriters (underwriter)," Emirsyah Satar said.
According to Emirsyah, IPO is a series of corporate restructuring in order to enhance corporate performance. Results of the IPO funds estimated at U.S. $ 300 million or around Rp 2.85 trillion.
"The results of the stock emissions will be used to finance the rejuvenation penembahan aircraft and aircraft, including service quality improvement", he said.
According to him, the IPO will largely depend on market conditions and the company will adjust to the development of domestic capital markets.
Emirsyah explained, the number of aircraft eagle until 2014 will be increased from the current 67 units to 116 units. This effort to help consumers at home and abroad.
Increasing the number of fleet and the addition of routes and flight frequencies garuda 1700-3000 will increase the number of flights per week.
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