In Reply to: Garuda Aust Air Rumour posted by gwmw on Thursday, 23. February 2006 at 17:34 Bali Time:
company to increase cash flow. That is why Qantas were in talks with them. They want to create a hub in Jakarta/Singapore to rival the Asian carriers/reduce costs and build Jetstar/Jetstar Asia. I think if they bought a percentage of GA everyone would win. GA would get cashflow badly needed and QF would work well with GA and would imagine still run Jetstar International to compete on the Bali run. I dont think that QF share in GA would enable them to change anything to dramatically though as Indonesian government would still be the major shareholder.