Garuda called on to make IPO transparent
An Indonesia academic has called for the upcoming Garuda Indonesia initial public offering (IPO) to be kept transparent to avoid public shares from being acquired or dominated by “certain individualsâ€.
Windijarto, an assistant university dean in Surabaya, said the IPO should ensure the airline is owned by members of the Indonesian general public.
He said the national carrier should use the IPO to improve its competitive standing among international airlines.
Quoted in Bisnis.com, the financial expert and educator called on the airline to utilise the momentum generated through the financial restructuring of the company to also revamp its management, upgrade efficiency and improve service standards.
Speaking at a seminar in Surabaya entitled ‘Should Garuda Go Public’, Windijarto explained, “Competition in the airline industry is currently very intense to the point where a profit margin of around 1.8 percent from the total investment is already good.
“In conditions such as these, efficiency must be a top priority for every airline company.”
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
TAP Air Portugal to operate 29 flights due to strike on December 11
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Airbnb eyes a loyalty program but details remain under wraps