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Article: INDONESIA'S GARUDA HOPES TO EARN US$75 MLN FROM ASSET SALES.
- Article from:
- AsiaPulse News
- Article date:
- July 10, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JAKARTA, July 10 Asia Pulse - State-owned airline Garuda Indonesia said it hopes to earn US$75 million from the sales of non productive assets under its restructuring program.
Finance Director of the nation's flag carrier Alex MT Maneklaren said a restructuring team of the airline is preparing the sales of the assets including aircraft maintenance subsidiary PT Garuda Maintenance Facility (GMF) Aero Asia, catering subsidiary PT Aerowisata Cathering Services ...