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GMF makes aggressive moves to expand MRO business to Middle East, Australia
Over the last few years, GMF Aero Asia has been determined to strengthen its international presence in other countries and expand its in-house capacity amid a growing global aviation industry.
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Technicians of Garuda Maintenance Facility (GMF) Aero Asia check the condition of a Garuda Indonesia Airbus A330-300 plane in a hanger at Soekarno-Hatta International Airport. (JP/Jerry Adiguna)
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ircraft maintenance company PT Garuda Maintenance Facility (GMF) Aero Asia is taking aggressive steps to expand its maintenance, repair and overhaul (MRO) business overseas while improving its in-house maintenance capacity in the country to cater to more airlines customers.
GMF’s newly appointed president director, Tazar Marta Kurniawan, said the subsidiary of national flag carrier Garuda Indonesia was currently finalizing its MRO business expansion plan in the Middle East.
To carry out such a plan, GMF is working with a local partner under a joint venture partnership in which the latter has to establish a hangar located in Dubai South, an economic zone in the United Arab Emirates. Once all required infrastructure construction is finalized, GMF will be responsible for operating the MRO facility, Tazar said.
“Hopefully by next month, everything will be finalized. The hangar has been completely constructed by our local partner. We plan to bring around 150 technicians there,” said Tazar recently, adding that the MRO facility in Dubai South could accommodate four narrow-body aircraft.
Over the last few years, GMF Aero Asia has been determined to strengthen its international presence in other countries and expand its in-house capacity amid a growing global aviation industry. The firm has set an ambitious target of becoming one of the top 10 MRO companies by revenue in the world.
A report by global management consulting firm Oliver Wyman stated that total global MRO spending was projected to rise to US$116 billion by 2029, up from $81.9 billion in 2019. Meanwhile, the fleet size would reach 37,175 worldwide by 2029 from 27,492 this year.
Global consulting firm ICF International said the global MRO market was expected to grow 4.6 percent per annum to $118 billion by 2027 and $140 billion in 2037, according to its data published by the International Air Transport Association (IATA).
