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.

Financial management, Indonesia, Garuda Indonesia

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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.

Market information - general, Forecasts, trends, outlooks, Organizational history, Asia, Airport Operations, Scheduled Freight Air Transportation, Airport Cargo Services, Intnl All-Cargo Service, Transportation, International airlines, Air freight, Air freight services, Cargo airlines

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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

China, Executive changes & profiles, Officials and employees, Airline employees, China Eastern Airlines

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