Garuda aims to lift its operations with the help of German expertise
Article Abstract:
Garuda Indonesian Airways is aiming for a turnaround as it hands some of its most immediate concerns over to German and Swiss companies. Garuda's financial problems include foreign debt amounting to about $1 billion with reported annual loss of 400 billion rupiah for 1998. Despite, its financial troubles, things look brighter for Garuda. Its financial system has been overhauled by SAP of Germany while its maintenance systems are under the control of Swissair. Other improvements include its reservation systems that go beyond the year 2000, service upgrades and better food.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Cargo replaces passengers as airlines battle for business
Article Abstract:
Airline executives are relying more on cargo to increase their profits as intra-Asia passenger loads continue its downward trend since 1997. However, total air cargo volume for Hong Kong has also suffered a decline of 6%, which is blamed on the disastrous opening of Chek Lap Kok in Jul 1998. One of the most profitable markets that executives are targeting is mainland China which is believed to account for about 90% of the overall air cargo that passes through the largest international cargo center in the world called CLK.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Who's news: China Eastern Airlines
Article Abstract:
Hong Kong-based China Eastern Airlines has announced a number of senior management changes
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
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