I like dangdut emirsyah satar biography
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Garuda Indonesia’s success has also been recognized by being named “World’s Most Improved Airline 2010” by SkyTrax Research and “Turnaround Airline of the Year 2010” by the Centre for Asia Pacific Aviation. Last autumn, the operator completed an IDR 3 trillion facelift for Ngurah Rai International Airport in Denspasar, Bali. This followed a two-year probe into the airline's procurement of aircraft and engines between 2008 - 2013.
Indonesia's Corruption Eradication Commission (KPK) indicated that Satar had received overpayments from a businessman for the acquisition of planes and engines by Garuda Indonesia.
Similarly, on a personal level, his leadership qualities have not gone unnoticed. PT Garuda Indonesia (Persero) set out its own strategic expansion plan a few years ago in the Quantum Leap 2011-2015 programme, which focuses on transformation in all business aspects to give more value to customers, with improved safety and profitability, fleet revitalisation and flight network expansion.
“This way, the airline is able to connect all airports in Indonesia, while bringing Indonesia to the world,” says Garuda CEO, Mr Satar.
He now faces the difficult task of navigating Garuda through the current difficulties caused by the COVID-19 pandemic.
As operating revenue is set to fall due to the standstill of flights, Garuda is in a race against time to restructure $500 million worth of Islamic bonds that are set to mature next month.
Do you think the charges bought against Satar will have any future impact on Garuda Indonesia?
In 2008, Mr. Satar was elected as the Chairman of INACA (Indonesian National Air Carrier Associations). Over the next decade, it may purchase some 250 new aircraft.
The carrier’s transformation programme has earned Garuda the appreciation from numerous international institutions that have bestowed the airline with a number of prestigious awards.
These include “World’s Best Regional Airline” from Skytrax (London) and “Best International Airline” from Roy Morgan (Australia) in 2012.
It was reported that this money would be compensation for the damages that resulted from the corruption. Prior to joining the airline industry, Emirsyah Satar had already earned a reputation as an experienced banker and financier.
Satar, who spent nine years as the head of Garuda between 2005 -2014, was named as a suspect by Indonesia's anti-graft agency in January 2017.
Thanks to his invaluable banking and finance experience, he was instrumental in helping Garuda Indonesia avoid bankruptcy. “It will allow us more access to other markets but will also heighten the competitive nature of the industry.
The majority of Indonesia’s 27 international airports are undergoing expansion works and facility upgrades to meet rising demand and to prepare for the 2015 launch of the ASEAN Open Skies agreement, which grants open market access to all international airports in Southeast Asia to any airlines of the 10-member states.
“For Indonesia, the agreement presents both challenges and opportunities,” says Emirsyah Satar, President and CEO of Garuda Indonesia.
During that time, he played a major role in the airline’s financial restructuring process carried out in 2001, which amounted to US$ 1.8 billion.
Emirsyah Satar has been a member of IATA Board of Governor since 2010. In 2009, Emirsyah Satar was awarded “the Best of the Best CEO” by Warta Ekonomi magazine and “Marketer of the Year” by MarkPlus Inc. A year later in 2010, he was awarded yet more accolades, i.e. “Indonesia’s traffic growth makes it very attractive for investment.
According to Airports Council International, in 2013 Indonesia’s main airport handled more than 62.1 million passengers.