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

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)

Leaders see horror of French Alps crash as probe gathers pace

"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, January 12, 2011

Garuda Indonesia IPO May Raise $1.1 Billion, Help Expand Fleet

Jakarta Globe, Widya Utami | January 12, 2011

PT Garuda Indonesia, the nation’s biggest carrier, and a shareholder may raise as much as $1.1 billion in the country’s largest initial public offering in more than two years. Shares will be sold at Rp 750 to Rp 1,100 each, Elisa Lumbantoruan, the airline’s acting finance director, told reporters in Jakarta today.

Garuda will use its sale proceeds to pay for new planes as it
 works to quadruple the size of its low-cost unit to take advantage
 of rising travel demand in Asia. (Bloomberg Photo)
The offering will comprise 9.36 billion shares, or a 37 percent stake, including new shares and existing stock being sold by PT Bank Mandiri, Garuda said in a statement published in Suara Pembaruan newspaper today.

“This IPO will help Garuda become more efficient in competing in the global market,” Hadiyanto, the airline’s president commissioner, said at the press briefing today.

Garuda will use its sale proceeds to pay for new planes as it works to quadruple the size of its low-cost unit to take advantage of rising travel demand in Asia.

The carrier last month concluded a debt-restructuring agreement to pave the way for the share sale, likely to be Indonesia’s largest since PT Adaro Energy raised 12.3 trillion rupiah ($1.4 billion) in 2008.

Garuda will spend $1.3 billion on capital expenditure over the next five years, of which about 80 percent will be for planes, Lumbantoruan said.

The airline has a fleet of 87 planes, which will climb to 153 planes, including the low-cost units, by the end of 2014, he said.

The low-cost unit’s fleet will rise to 25 planes from six, President Director Emirsyah Satar said today at the press conference. He didn’t give a timeframe.


Companies raised 30.6 trillion rupiah in IPOs in Indonesia last year, according to data compiled by Bloomberg.

That was almost an eight-fold increase from a year earlier.

The benchmark stock index has risen 34 percent in the past year, outperforming a 9.3 percent gain for the MSCI Asia Pacific Index.

Garuda has hired PT Bahana Securities, PT Danareksa Sekuritas and PT Mandiri Sekuritas to oversee the share sale, Garuda said in the statement.

The public offering is scheduled for Feb. 2, 4 and 7 and trading will begin Feb. 11, it said.

Garuda in December signed final debt agreements with European export credit agencies including Compagnie Française d’Assurance pour le Commerce Extérieur and Germany’s Euler Hermes, which were owed about $288 million in unpaid loans.

The accords extended maturities to mid-2016, with payments to be made in installments of between $45 million to $60 million a year, Satar said at the time. 


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