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GMF, BAI to develop aerospace park in Bintan
Aircraft maintenance firm PT GMF AeroAsia (GMF), a subsidiary of national flag carrier Garuda Indonesia, signed a memorandum of understanding (MOU) in Jakarta on Monday with Bintan Aviation Investment (BAI) to develop the countryâs first aerospace industrial park â set to involve aviation research and development â on Bintan, Riau Islands
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ircraft maintenance firm PT GMF AeroAsia (GMF), a subsidiary of national flag carrier Garuda Indonesia, signed a memorandum of understanding (MOU) in Jakarta on Monday with Bintan Aviation Investment (BAI) to develop the country's first aerospace industrial park ' set to involve aviation research and development ' on Bintan, Riau Islands.
GMF president director Richard Budihadianto said that the company decided to work with BAI and develop integrated aircraft maintenance, repair and overhaul (MRO) facilities on Bintan because the island was close to Singapore, a home for many representative offices of international airlines and aviation business companies.
In addition to that, Richard said the fact that Bintan was part of the Batam-Bintan-Karimun free trade zone would benefit GMF.
'We want to increase our competitiveness by integrating our supply-chain management and the market,' he said on the sidelines of the signing.
The joint venture between GMF and BAI would try to cater to the market for maintenance of wide-body aircraft such as Boeing B747s and B777s and Airbus A330s.
The company planned to develop its first hangar next year, which was expected to be operational at the end of 2016. After that it would develop its second hangar, which would be equipped with aircraft component and engine shops.
The Bintan hangars would complement GMF's existing hangar facilities near the country's main gateway, Soekarno-Hatta International Airport in Cengkareng, Banten, just west of Jakarta.
BAI is a subsidiary of the Salim Group's Gallant Venture Ltd, an investment holding company that manages industrial parks and resorts on Batam and Bintan islands. Gallant's total assets were worth approximately US$1.6 billion in 2012. (***)
