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Jakarta Post

FL Technics to build new hangar to tap into Indonesia’s growing MRO business

  • Riza Roidila Mufti

    The Jakarta Post

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Jakarta   /   Thu, October 31, 2019   /  04:35 pm
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FL Technics Indonesia CEO Martynas Grigalavicius during a tour at the company’s hangar facility at Soekarno-Hatta International Airport in Tangerang on Tuesday. (The Jakarta Post/Istu Septania. )

When Lithuania-based Maintenance, Repair and Overhaul (MRO) company, FL Technics, stepped foot in Indonesia in 2015, it started its business by taking over former airline Batavia Air’s unused hangar in Tangerang, Banten. Four years after transforming the unused hangar into a modern MRO facility, the company announced on Tuesday that it had reached break-even point with total revenue of US$11 million year-to-date. With this success, the company has laid down a long-term business plan for the next 20 years. FL Technics Indonesia CEO Martynas Grigalavicius said one of the company’s short-term plans would be to build a new hangar worth of US$20 million at Soekarno-Hatta International Airport, next to the existing hangar. “We need to double or even triple our maintenance capacity. At present, our hangar is capable of receiving just three aircraft. However, someti...