Read also: Garuda plans to open direct flights to Bali from US, France, India to boost tourismGaruda, meanwhile, is also restructuring its aircraft leasing by seeking a lower leasing price or extending the period, Setiaputra said, adding that it also seeks to terminate “unsuitable” contracts.Twelve of its lessors have agreed to a restructuring, according to Garuda presentation material in parliament, while six have declined to give rent deferral. It is still in negotiations with 13 other lessors.“Today there are a number of lessors who grounded our planes because our incapability to make payments,” Setiaputra said.Topics : Flag carrier Garuda Indonesia is in talks with Airbus to delay deliveries of four aircraft this year, its chief executive said on Tuesday, as the coronavirus outbreak restricts travel and dampens demand.“This year we should receive four Airbus planes, but we are negotiating to delay that,” CEO Irfan Setiaputra said in a parliamentary hearing.Read also: Garuda books $120m net loss in Q1 as travel industry hit hard by COVID-19 Garuda has nine A330neos on order with Airbus that have yet to be delivered, according to the Airbus order book, while its low-cost arm Citilink has 25 A320neos on order.An Airbus spokesman decline to comment on the company’s commercial discussion.Garuda faces financial difficulties after the coronavirus outbreak caused major disruption to global travel, resulting in a 90 percent drop in passengers volume at Garuda, the airline said last month.The company was forced to seek maturity extension to its US$500 million Islamic bonds that were due in June and seek new government loans.
Related Articles Submit UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service August 20, 2020 UKGC launches fourth National Lottery licence competition August 28, 2020 Share Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Share StumbleUpon The UK Gambling Commission (UKGC) has supported the publication of the government’s new ‘Economic Crime Plan 2019-2022’, setting out the UK’s strategic priorities and agenda for combatting economic crimes threatening UK industry.Established by new government task force the ‘Economic Crime Strategic Board’, and backed by the UK Treasury and Home Secretary, the crime plan covers ‘7 priority areas’ for combatting economic crimes.Highlighting the threats of money laundering and terrorist financing on UK business, the task force seeks to develop a working collaborative framework for ‘public and private sectors to jointly deliver a holistic plan that defends the UK against economic crime’.In its update, the government warns UK business stakeholders that criminal gangs are using sophisticated techniques to ‘target vulnerabilities within the current UK business regime’.“There has been insufficient coordination and cooperation both within the public and private sectors and between the public and private sectors,” it said. “There has not been a clear sense of prioritisation. This plan sets out how we can do better.”Establishing a three-year mandate, the plan seeks to reform UK business stakeholder coordination, supervision and reporting of economic crime, further enhancing law enforcement’s capabilities to prosecute criminal activity.As one of three UK statutory supervisors monitoring money laundering and counter-terrorist financing, the UKGC will support the task force in the development of key actions related to risk management, digital identity and enhancing international cooperation networks.The UKGC said: “Gambling operators will play a vital role in assisting the Commission, and the UK Government, realise this step-change plan for combating economic crime in the UK, and we urge operators to pay close attention to the plan and amend their risk assessments, policies and other controls where necessary.”
THEY’RE a clever lot in Rathmullan.And they always come up with something special at Christmas.So here’s the latest offering…..there’s even some snow and Santa.Click Play to Watch. DDTV: SPECIAL VIDEO CHRISTMAS GREETINGS FROM RATHMULLAN was last modified: December 23rd, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:DDTV: SPECIAL VIDEO CHRISTMAS GREETINGS FROM RATHMULLAN