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. …

Saturday, February 21, 2009

Merpati in for slow start, but begins to see progress

The Jakarta Post
, JAKARTA | Sat, 02/21/2009 10:36 AM  

Ailing state airline company PT Merpati Nusantara aims to record only Rp 70 billion ($5.88 million) in net profit this year by cutting its capital expenditure to practically zero. 

“We can only aim for so little because there are still a lot of mandatory costs that we need to settle,” president director Bambang Bhakti said on Friday. 

Among the mandatory costs, he said, are the need to integrate Merpati’s information technology (IT) system in support of new routes as well as crew management, and also the settlements of debts. 

Still, if materialized, the projected profit would represent a gradual improvement for the company. 

Merpati boasts some Rp 950 billion in assets but has been suffering from massive debts and soaring costs, and is now under a restructuring program of the Asset Management Company (PPA) — the state-sanctioned agency tasked to restructure ailing state firms. 

It has a total debt of Rp 2.2 trillion to two other state firms, plus around Rp 800 billion it owes as part of employee layoff settlements, following the dismissal of up to 1,300 workers on a voluntary basis. 

Bambang said that the company was recovering from its critical problems since the fourth quarter of last year. 

Bambang said the company would not allocate any capital expenditure for this year as a practical  means  to achieve its targeted growth in net profits and revenue. 

He said the company aimed to achieve a 50 percent increase in revenue this year, from an estimated Rp 2 trillion (unaudited) last year to a forecast Rp 3 trillion this year. 

“This year capital expenditure is zero,” he said. 

He said that in this time of crisis, company management is trying to make fixed costs into variables. 

“We are not planning any investment (fixed costs), but we will look at other options such as leasing, outsourcing, and the increasing of fuel efficiency,” said Bambang. 

He said the company would benefit more if it leased airplanes instead of buying them, outsourcing employee services, and using electronic ticketing, as well as setting up a new special team to ensure adequate fuel supply and fuel management, rather than excessive use of fuel, without compromising on safety measures. 

The company is also looking for joint operation agreements (KSOs) with regencies, firms or individuals, as a way to boost its performance. 

Bambang said that Merpati had gained 14 KSO deals that could see the company increase its fleet from 10 jets and 10 propeller driven aircraft to 16 jets and 19 propeller driven aircraft, respectively. 

Previously, Merpati signed a contract in 2006 with China’s Xi’an Aircraft Industry. The contract centered on the purchase of 15 Xinzhou-60 aircraft by Merpati from Xi’an, using a soft-loan scheme, with each aircraft costing around $14 million. 

However, Merpati failed to honor the contract, leading to a halt in delivery of the airplanes, forcing the need to renegotiate the deal. 

State enterprises minister Sofyan Djalil had said earlier that the renegotiation of this contract was still ongoing with both parties trying to re-negotiate the price, quantity, and guarantees for the planes. (fmb) 

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