Garuda Indonesia soars above challenges, gears up for growth
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Antara News quoted Garuda Indonesia President Director, Pahala N Mansury, saying that the airline would focus on performance improvement by taking 10 financial and business performance initiatives in a manner that would improve both operational and financial conditions.
The 10 financial performance strategy initiatives are optimising usage of their fleet, lowering fleet cost, improving service related to departure and arrival time as well as reforming the service user income management services. “We are quite optimistic about achieving it in one or two years time,” he said.
Pahala said the company is currently in a good position in term of operation and services to the public. However, the main challenge the company is facing is to find ways to improve its financial performance in a sustainable way to ensure business continuity.
“We have identified that the phase of the business cycle that the group is undergoing is temporary. Infrastructure, human resources and products, and all business lines have a good platform to support the performance improvement,” Pahala said.
He also lauded all sides for their input and attention into improving the group’s performance and business dynamics.
Meanwhile, state shipping company PT Pelayaran Indonesia (Pelni) has paired up with Patra Jaya, a subsidiary of state-owned energy firm PT Pertamina, to introduce a cruise ship to boost the tourism industry.
PT Pelni Kupang brand Head Adrian on Sunday said a memorandum of understanding was signed between the two parties, where the MoU entails the construction of a cruise ship to support the nation’s tourism industry in 10 tourists destination.
The ten tourists destinations include Labuan Bajo and Riung, East Nusa Tenggara. The ship is currently being built in South Korea and is expected to be completed and sailing by 2018.
Both Pelni and Pertamina had initially planned to purchase a cruise ship but the plan was halted following a regulation banning government agencies to purchase second-hand goods from abroad.
Pelni currently operates both passenger and transport ships.
Questions & Answers
Q.What is the primary challenge Garuda Indonesia faces despite its strong operational position?
What is the primary challenge Garuda Indonesia faces despite its strong operational position?
The main challenge for Garuda Indonesia is to find sustainable ways to improve its financial performance. This is crucial to ensure the company's long-term business continuity.
Q.Which specific business strategies will Garuda Indonesia implement to improve its performance?
Which specific business strategies will Garuda Indonesia implement to improve its performance?
Garuda Indonesia will focus on 10 financial and business initiatives. These include optimising fleet usage, lowering fleet costs, improving departure and arrival times, and reforming income management services.
Q.What kind of project are PT Pelayaran Indonesia (Pelni) and Patra Jaya developing for the tourism industry?
What kind of project are PT Pelayaran Indonesia (Pelni) and Patra Jaya developing for the tourism industry?
PT Pelni and Patra Jaya are constructing a cruise ship to boost tourism. This ship is intended to serve 10 tourist destinations, including Labuan Bajo and Riung.
Q.When is the new cruise ship being built by Pelni and Patra Jaya expected to be operational?
When is the new cruise ship being built by Pelni and Patra Jaya expected to be operational?
The cruise ship, which is currently under construction in South Korea, is expected to be completed and sailing by 2018. This will support the nation's tourism industry.
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