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July 30, 2015 7:56 PM ET

Aerospace and Defense

Company Overview of GMF AeroAsia, PT

Company Overview

GMF AeroAsia, PT, an aircraft maintenance company, provides maintenance, repair, and overhaul (MRO) services. It offers line maintenance services, including A checks, transit services, AOG emergency services, and technical checks; base maintenance services comprising heavy maintenance service solutions, regular heavy checks, heavy structural repairs, exterior re-spraying, decorative finishing modifications, interior refurbishment, reconfiguration, in-flight entertainment, and cargo conversion; and component maintenance services, such as handling delicate aircraft components, electrical/pneumatic/hydraulic maintenance, and facilitating aircraft instruments. The company also provides engineeri...

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

President Director, Chief Executive Officer and President
Age: 59
Director of Finance and Director
Executive Vice President of Human Capital & Human Affairs and Director
Age: 58
Director of Line Operation and Director
Director of Base Operation and Director
Compensation as of Fiscal Year 2015.

GMF AeroAsia, PT Key Developments

GMF AeroAsia Announces Change of Board of Directors and Commissioners

GMF AeroAsia shareholders had restructured the Director and Commissioner compositions to revitalize the organization and to enhance the company’s performance in the future. As decision of the share holder’s general meeting, the changes were made because of their due term office and should be replaced. The outgoing Directors and Commissioners of GMF were Agus Sulistyono as Director of Base Operation, Gatot Satriawan as Director of Finance, Setijo Awibowo as Director of Corporate Strategy & Development, and Batara Silaban as Commissioner. Subsequently the shareholders appointed new directors and commissioners from both inside and outside of the company with the following composition: President Commissioner: Iwan Joeniarto, Commissioners?:Heriyanto Agung Putra, ?IGN Askhara Danadiputra, ???Bambang Susantono, and ???Muhammad Alwi. Director of Human Capital & Corporate Affair: Harkandri M.Dahler, Director of Finance: Insan Nur Cahyo, Director of Line Operation: Juliandra Nurtjahjo, and Director of Base Operation: I Wayan Susena.

Several Entities Seek IPO In 2015

Several Indonesian entities intend to launch an initial public offering (IPO) in 2015. PT Medco Power Indonesia and PT. Tri Wahana Universal intend to launch an IPO for 15%-30% stake by the second quarter of 2015. PT PP Properti and PT Waskita Beton Precast plans to launch IPO in 2015. PT Pelayanan Listrik Nasional BATAM and PT Phapros Tbk. will launch an IPO in the first half of 2015. GMF AeroAsia, PT, PT Harapan Borneo International, PT. Asuransi Jiwasraya (Persero) and PT Perkebunan Nusantara VII (Persero) also plans to launch an IPO, however, the stakes to be sold, price and listing period are not known.

GMF AeroAsia and Gallant Venture Ltd. Approves Basic Term Agreement

GMF AeroAsia and Gallant Venture Ltd. signed a Basic Term Agreement (BTA) at the GMF Hangar 1 on December 8 th, 2014. The agreement includes construction of infrastructure and hangar that will be managed by a joint venture company established by GMF and Bintan Aviation Investments (BAI). The BTA is a legal umbrella for a Joint Venture Agreement between GMF and BAI.

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