Lion Water Enthuses Eagle

Lion Water Enthuses Eagle

Tuesday, 18/12/2007

JAKARTA(SINDO) – PT Lion Mentari Airlines ( Lion Air) considers possibility that acquisition a number of stocks PT related Indonesia Eagle of privatisation plan of the firm.

Even, Lion Air which initial of this December returns to signs contract purchasing 22 planes Boeing 737-900 Extended Ranger ( ER) dare to bargain a number of 51% stock Garuda. ” If government opens ( sells stock Garuda), we are there is no problem to enter in it, says Corporate Communication & Public Relations Lion Air Hasyim Arsal Habsyi after finishing of installation of Logo Visit Indonesia Year 2008 by one planes Boeing 737900 ER in Bandara Soekarno Hatta Cengkareng yesterday.

He tells enthusiastic Lion Air become majority shareholder and in order this thing is enabled [by] during non doing alien corporation. Touched the problem of fund prepared by Lion Air to buy Garuda, Hasyim is not ready to calls. What is clear its(the fund is be exist, said him(her. Farther s(he tells, as government airline, Eagle has business prospect enough good and promises.

Eagle is assessed [by] many party(sides of course has uppermost business prospect compared to other national firm. The prospect for example in the form of management right of solitary/oneness of transportation of haji and amenity opens new route. Eagle Managing Director Emirsyah Satar this stripper has not tells privatisation plan Garuda still run, but must be awaiting leverage restructuring is ended. Next year, Ministry of Government-owned corporations State has asked Garuda to deliver strategic partner,” he said. Asked how many stocks Garuda which will be released, Emirsyah confess has not known surely. But assertive him(her. government still want to be majority shareholder.

At least 51% still be held government, he said. Emirsyah explains, going away of the stock depended from financial requirement of Garuda. As for strategic partner selected later at least must be able to give added value to Garuda and has the same vision. Related of restructuring oweed Garuda targeted is finished year-endness this Emirsyah cannot ascertain realization of the plan. But, s(he lays open the existing of the biggest creditor of Garuda, European Credit Agency ( ECA), has agreed on restructuring proposal submitted by Garuda even has not been signed.

To creditor being based on in London. English. this. Leverage eagle USD465,8 million for purchasing of six planes Airbus 330-300. the existing Garuda leverage restructuring concentration of to ECA. Has just after his(its at other creditor from Floating Rate Notes ( FRN) in Singapore, then Bank Mandiri Tbk, and Indonesia State Bank Tbk. ” Replenishment of utangutang Garuda will be done in simultan to start next year,” says Emirsyah. ( meutia rahmi)