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IPO
Expecting to Fly High

Wednesday, January 26, 2011

Garuda Indonesia will soon release about 30 percent of its shares. The national carrier is aiming for the five-star airline rank.

. tempo : 173515511110.

AROUND 30 investors gathered in the Harbour View Ballroom, Four Seasons Hotel, Hong Kong, on Monday last week. The host was Emirsyah Satar, CEO of PT Garuda Indonesia. The guests wished to examine the extent of purchase-worthiness of Garuda shares.

Present with complete information, they wanted to know the preparedness of Garuda to face airline business competition in the Asia-Pacific region. “Their questions were very detailed,” said Inves

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