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Jakarta Post

Economy in brief: GMF eyes overseas expansion

  • The Jakarta Post

Jakarta   /   Sat, March 16 2019   /  02:10 am

Aircraft maintenance company PT Garuda Maintenance Facility (GMF) Aero Asia sees huge potential in markets outside Indonesia to grow its maintenance, repair and overhaul (MRO) business. GMF Aero Asia president director Iwan Joeniarto said recently that the company was targeting new markets like India, South Korea, Japan, Vietnam and Russia as well as countries in the Middle East.India presented a great opportunity for GMF to expand because the company already had many clients from the country, Iwan said, adding that countries in the Middle East also offered lucrative markets for the subsidiary of national flag carrier Garuda Indonesia.“We plan to collaborate with local partners [in the Middle East] to establish maintenance facilities there,” he said.Iwan said GMF targeted countries like Japan and South Korea as they had enjoyed rapid growth in the aviation industry, but lacked MRO fa...