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Garuda Indonesia wants to fly free - again
Published on 26 Augustus 2009 11:41
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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User icon of kiwimave
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I bet you will see AirAsia will make this route profitable within 3 months, as compared to Garuda which lost lots of money in this route. I was once in Darwin, had to pay 250-300 USD for a single ticket to DPS... Unbelievable that Garuda dared to asked those prices. AirAsia will probably ask 30-50 EUR for the same trip

Gracias. Sama sama

User icon of belgianguy
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because of their aggressive fare-cutting, airasia can create totally new markets...the darwin route will no doubt become a success too...they recently started the denpasar-perth route, first with a single daily flight, but soon after already twice daily, due to vey high demand...not surprising if you see their ticket prices, it becomes affordable now to travel there even just for the weekend (I booked denpasar to perth for an incredible 70.000 rupiah!)

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