More carmakers caught in headlights of VW engine-rigging scandal

More carmakers caught in headlights of VW engine-rigging scandal
Volkswagen has admitted it installed illegal software into 11 million 2.0 liter and 3.0 liter diesel engines worldwide (AFP Photo/Josh Edelson)

Volkswagen emissions scandal

Volkswagen emissions scandal

Iran's 'catastrophic mistake': Speculation, pressure, then admission

Iran's 'catastrophic mistake': Speculation, pressure, then admission
Analsyts say it is irresponsible to link the crash of a Ukraine International Airline Boeing 737-800 to the 737 MAX accidents (AFP Photo/INA FASSBENDER)

Missing MH370 likely to have disintegrated mid-flight: experts

Missing MH370 likely to have disintegrated mid-flight: experts
A Malaysia Airlines Boeing 777 commercial jet.

QZ8501 (AirAsia)

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Leaders see horror of French Alps crash as probe gathers pace

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"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Wednesday, February 3, 2010

Garuda Plans IPO This Year

The Wall Street Journal, by P.R. VENKAT

Garuda plans to increase its fleet size to 116 from 67 currently over the next five years. The company will take delivery of 24 aircraft this year.

SINGAPORE -- PT Garuda Indonesia Wednesday said it plans to go public by mid-2010 and aims to raise US$300 million through a listing in Indonesia.

Garuda Chief Executive Emirsyah Satar said in a statement that airline is close to completing its debt restructuring.

The move to clean up the national carrier's balance sheet is aimed at giving its public offering a better chance at success following several previous failed attempts by the Indonesian government to offload its stake. Garuda said earlier this month that it has reached an agreement with investors to restructure notes that were due in 2007.

The proceeds from the initial public offering will be used to fund Garuda's "long-term growth plans," Mr. Satar said.

"We have yet to determine the underwriters [for the IPO]. The IPO will either be in late second quarter or early third quarter of this year," he added.

Garuda plans to increase its fleet size to 116 from 67 currently over the next five years. The company will take delivery of 24 aircraft this year.

The fleet size will be based mainly on Boeing 737-800s and Airbus A330-300/20s, which are operated on medium- and long-haul routes.

Mr. Satar said that Garuda has converted the 10 Boeing 787 jets it ordered two years ago into Boeing 777-300E aircraft as the Indonesian carrier wasn't willing to wait out the delays in the production of the 787 plane.

"The airline will introduce the 10 Boeing 777 on new ultra long-range flights starting 2011 as it expands its international network," he said.

Garuda also said it plans to add 10 domestic routes this year and start a daily non-stop service to Amsterdam June 1.

Besides, Amsterdam, the airline is also looking to fly other European destinations such as Frankfurt, Paris, London and Rome.

"This [new international series of routes] will be launched over the next few years," he said.

Mr. Satar said that Garuda is also planning to create a separate low-cost carrier by the end of this year to meet the growing demand of domestic and short-duration travel.

"We are in the process to get regulatory approvals to establish the entity," Mr. Satar said, adding that the low-cost carrier will operate a fleet of about 20 aircraft.

Garuda currently has a low-cost carrier subsidiary called Citilink.


Posted by Cempaka at 4:22 PM
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