Flying in Turbulent Times, it Helps to be Asia-Focused

Garuda Indonesia President & CEO Emirsyah Satar discusses:

- Transformation plan - - meritocracy - resistance - strategy;
- Government - political will - necessity;
- Competition - LCCs - how coping;
- Crashes - safety - terrorism - update - views;
- IPO - 'railroaded' - delayed - - overpriced - overly large - background - takeaways - lessons;
- Government intereference;
- Indonesia - plans - float dozens more 142-odd state-controlled businesses - Garuda experience - instructive;
- Reports - misjudging money;
- (Lack of foreign interest) - IPO - update;  
- Earnings - improvement - 2011 net +56.3 percent - sustainable?
- CFO - revenues - forecast - +20 percent 2012 - fuel prices - update;
- Demand - outlook;
- Indonesian government - spend - 3 trillion rupiah - airports 2012 - implications;
- Passenger forecasts;
- Fleet expansion - forecasts;
- Aviation - industry - outlook - Tony Tyler - IATA Director General - views: "weak economic conditions and rising fuel costs are a double-whammy that an industry anticipating a 0.5% margin can ill-afford";
- Tyler / IATA - ending the first quarter with a "considerable amount of uncertainty";
- Europe - emissions trading scheme - implications.