August 28, 2014 3:08 AM ET

Aerospace and Defense

Company Overview of GMF AeroAsia, PT

Company Overview

GMF AeroAsia, PT provides aircraft maintenance, repair, and overhaul services. It offers engineering services, including analysis of aircraft manual documents, manuals maintenance and updating, SB and AD evaluations, reliability control programs execution, cabin refurbishment, aircraft reconfiguration, livery designs, and maintenance job cards creation; line maintenance services; base maintenance services; engine maintenance services; component maintenance services; and asset management, bonded zone, component pooling, parts trading/loan/exchange, inventory management, logistics/distributions, and AOG services. The company also provides a range of electrical, pneumatic, and hydraulic compone...

Soekarno Hatta International Airport

Cengkareng

West Jakarta,  19130

Indonesia

Founded in 2002

Phone:

62 21 550 8609

Fax:

62 21 550 2489

Key Executives for GMF AeroAsia, PT

Chief Executive Officer
Vice President of Administration & Finance and Member of Board of Management
Deputy President of Board of Directors
Executive Vice President of Corporate Develpoment and Marketing
Member of Board of Directors and Executive Vice President of Finance
Compensation as of Fiscal Year 2014.

GMF AeroAsia, PT Key Developments

GMF Mulls IPO

GMF AeroAsia, PT (GMF) aims to raise $100 million through an initial public offering in the second half of 2013, an official at its parent company, PT Garuda Indonesia (Persero) Tbk (JKSE:GIAA), said. "We're planning to sell a stake that is less than 30%, our target is to get $100 million from the IPO," Handrito Hardjono, Finance director at Garuda Indonesia. "GMF is the most prepared subsidiary we have for IPO, hopefully it can be done by the second semester of this year," he added. GMF must obtain government and parliamentary approval for any IPO. Shares of Garuda Indonesia dropped 5.56% at IDR 510.

GMF AeroAsia, PT Launches Engine Test Facility in Cengkareng, Banten

GMF AeroAsia, PT announced that it has launched the operation of its CFM56-7B engine test facility in Cengkareng, Banten, to better develop GMF’s capacity for aircraft repair. The engine test facility, developed in cooperation with US firm General Electric (GE) and CFM International, a joint venture company between GE and Snecma of Safran Group, will enable GFM to improve its engine maintenance capability in accordance with international safety and maintenance standards. The facility will be used to test plane engines to meet stringent parameters before they are installed on planes. It comprises a large chamber whereby the engines will be tested through sensors that mimic various actual flying conditions.

GMF AeroAsia Plans IDR 1 Trillion IPO in 2013

GMF AeroAsia, PT plans to launch initial public offering in the Indonesian Stock Exchange in 2013 worth IDR 1 trillion. "GMF is ready to carry IPO [initial public offering] in the second half of 2013 at the soonest," said President Director of Garuda Indonesia, Emirsyah Satar.

Similar Private Companies By Industry

Company Name Region
PT ASL Shipyard Indonesia Asia
PT. Dirgantara Indonesia Asia
GMF AeroAsia, PT Asia
Merpati Maintenance Facility Asia
PT Goodrich Aeronautical Systems Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GMF AeroAsia, PT, please visit www.gmf-aeroasia.co.id. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.