“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Friday, February 20, 2009

Garuda To Lease 8 Jetliners

The Jakarta Globe, Janeman Latul & Yessar Rosendar, February 21, 2009

State-owned airline, PT Garuda Indonesia, expects to sign a lease agreement on Mar. 3 with a Middle Eastern company to enable the 59-year-old carrier to lease 8 new Boeing 737-800NGs worth up to $360 million, Emirsyah Satar, Garuda’s CEO, told the Jakarta Globe. 

However, Emirsyah declined to release the name of the leasing company. Garuda’s original plan called for the airline to lease 14 planes funded by different investors in November last year. 

“There’s already a leasing company from the Middle East that will finance the aircraft purchase [that Garuda will use],” said Sofyan Djalil, minister of state-owned enterprises. “Garuda is going to sign it at the World Islamic Economic Forum. Leasing was preferred by Garuda in order not to burden its balance sheet.” 

Sofyan added that leasing provides more flexibility than buying as the company can replace the planes when the lease ends. The scheme can also shield Garuda’s balance sheet from fluctuating exchange rates as the planes are still owned by the leasing company and not Garuda. 

On Wednesday, the carrier also announced that it will turn to its cargo service arm, GO Product, to add about $13 million to revenue in 2009. In 2008, its cargo service contributed 5.5 percent, or Rp 1 trillion ($84 million), of the company’s total revenue of Rp 18 trillion. Garuda expects cargo capacity to increase.

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