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

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. …

Saturday, March 7, 2015

Garuda Expansion a Warning for Rivals

Get Moving Already: Soekarno-Hatta Airport is well over the capacity it was designed for and among the busiest in the world

Jakarta Globe, Bloomberg, Harry Suhartono, Mar 05, 2015

Garuda plans to acquire 250 aircraft over 10 years and increase the fleet of its
 low-cost carrier unit Citilink Indonesia four-fold to 120 planes by 2022, its
chief Arif Wibowo said. (JG Photo/Jurnasyanto Sukarno)

Jakarta’s Soekarno-Hatta airport, among the world’s 10 busiest by passenger traffic, handles twice the volume it was designed for; Arif Wibowo plans to push that limit further.

The new chief executive of Garuda Indonesia wants to take over the airport’s third terminal next year after a revamp and reserve it for the state carrier’s expansion. Garuda plans to acquire 250 aircraft over 10 years and increase the fleet of its low-cost carrier unit Citilink Indonesia four-fold to 120 planes by 2022, Arif said in an interview on March 3.

“By next year, we will make terminal three a dedicated terminal for Garuda Indonesia, and Garuda will make it the base for SkyTeam in the southern hemisphere of the Asia Pacific region,” Arif, 49, said in an interview at his Jakarta headquarters, referring to the alliance of 20 airlines including Air France-KLM and China Southern Airlines, Asia’s biggest carrier by passengers.

A Jakarta hub for SkyTeam would help its members tap the Australian market and put it into competition with Singapore’s Changi Airport and a larger Star Alliance carrier network that includes Singapore Airlines.

Singapore is not standing still, with plans to almost double the capacity of its airport over the next decade, as economic growth in the Asia-Pacific region makes it more affordable for people to travel by air.

Garuda’s competitors aren’t idling either. Lion Group, Indonesia’s biggest carrier, plans to have a fleet of 1,000 planes, its founder Rusdi Kirana said last year, after he agreed to buy 230 Boeing 737 planes in 2012 and another 234 Airbus jets in 2013.

Garuda’s shares rose as much as 1 percent on Thursday to Rp 530.

The shares have risen 9.5 percent in the past year, trailing the 17 percent gain in the benchmark Jakarta Composite Index and the 36 percent advance in the Asia Pacific Airlines Index.

Soekarno-Hatta handled 60 million passengers in 2013, the 10th-most in the world and ahead of Singapore and Hong Kong, according to data from the International Air Transport Association.

State airport operator Angkasa Pura II plans to sell as much as Rp 6 trillion ($460 million) of bonds this year and next to fund renovations to the Jakarta airport, president director Budi Karya Sumadi said in February.

Jakarta airport’s terminal one, dating from 1985, handles domestic routes. About 1.6 million Indonesians flew from Soekarno-Hatta across the world’s largest archipelago in January, according to government data. Apart from revamping the terminal buildings, the government is building a rail line to improve transport to Jakarta’s center.

Citilink

The second terminal, used by Garuda and most international carriers, presents visitors with a warren of hallways to navigate immigration, before a gauntlet of baggage handlers and taxi touts.

The third terminal, the most modern, is currently reserved for low cost carriers and used by AirAsia.

Arif, who spends his free time racking up road miles on his bicycle, said Citilink would serve its first international routes in 2016, to compete with AirAsia and Tiger Airways.

President Joko Widodo’s government tapped Arif, formerly the chief of Citilink, to run Garuda in December.

The president has called for reviews of the country’s aviation industry after AirAsia’s Flight 8501 from Surabaya to Singapore plunged into the Java Sea on Dec. 28, killing all 162 on board.

So far the government has suspended the license of AirAsia for that route, found other airlines in breach of permits and removed state officials involved.

More planes

Garuda plans to increase its fleet size by an average of 6 percent to 7 percent a year over the next decade and most of the plane orders will be for single-aisle jets to expand domestic and regional destinations as feeders for its long-haul aircraft to Europe, Middle East and North Asia, Arif said.

It currently flies to London, Amsterdam and Tokyo, after a European Union ban was ended in 2009.

In October, the airline placed a $4.9 billion order from Boeing for 50 single-aisle Boeing 737 series planes.

“We just entered the global arena, but right now our size is not enough,” Arif said.

“We need to capitalize on what we have and become a global player. That is our task going forward.”

Garuda expects to carry a total of 36 million passengers this year, an increase from almost 30 million in 2014.

Garuda is expected to report a $184 million loss for 2014, according to the median estimate of analysts in a survey.

That would be its first annual loss since listing in 2011.

The drop in oil prices should help Garuda’s financial performance in 2015, with 80 percent of its fuel use unhedged, said Alan Richardson, whose Samsung Asean Equity Fund outperformed 96 percent of peers tracked by during the past five years.

“I hold the stock for oil price,” he said by e-mail. “Profits will benefit greatly,” he said.

The company, which uses the national symbol of a mythical eagle as its insignia, plans to sell the country’s first corporate global sukuk next month to cut its funding costs.

Arif said the company is using an exchange rate assumption of 13,000 rupiah per dollar for its 2015 planning, and is already working on several scenarios should the currency weaken to 14,000 per dollar, without giving details.

“Looking at our operating performance for the first two months, we are performing better than last year,” Arif said.

Bloomberg

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