May 27, 2017 10:58 AM 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

Chief Executive Officer and President
Director of Finance
Vice President of Quality Assurance and Safety
Director of Human Capital and Corporate Affairs
Age: 59
Director of Base Operation
Age: 48
Compensation as of Fiscal Year 2016.

GMF AeroAsia, PT Key Developments

AFI KLM E&M and GMF AeroAsia Extend Their Maintenance Partnership

GMF AeroAsia and AFI KLM E&M have signed a Memorandum of Understanding (MOU) aimed at further reinforcing an already strong MRO partnership. This new agreement comes at a strategic time, as GMF AeroAsia plans to have its public offering later this year. GMF AeroAsia and AFI KLM E&M signed a first MOU during the 2016 Singapore Airshow. This covered several areas of cooperation: AFI KLM E&Ms global MRO network would provide engine and component support for the Garuda Indonesia Groups Boeing and Airbus fleet, for example, while subcontracting maintenance services to GMF for Boeing 747 airframe support in addition to component and engine support. Under this new MOU, AFI KLM E&M and GMF AeroAsia will intensify their existing cooperation in the field of engine, component and airframe support. A dedicated project office has been opened within the GMF facility to allow teams to develop the next steps of their cooperation with milestones and targets already established. Further joint training and development will be organized via a new exchange program between experts from the two companies. AFI KLM E&M and GMF AeroAsia will notably focus on trade synergies and collaborate more closely on systems integration and data exchange, including prognostic technologies.

GMF AeroAsia Expects IPO By Next Year, Seeks Acquisitions

GMF AeroAsia, PT recently announced that it expects to launch an Initial Public Offering by 2018, the proceeds of which may be used to fund acquisitions, among other things. Arif Wibowo, the Chief Executiv eOfficer of the company recently stated, "We hope that the IPO would take place in 2017 and next year, as it would be the best milestone for our economy. In terms of non-organic aspects, the company can grow even faster if several measures are taken, including undertaking joint ventures or acquiring some repair stations locally or globally."

GMF AeroAsia Eyes NOn-Organic Growth

GMF AeroAsia, PT is on the lookout for potential acquisitions and joint ventures. Arif Wibowo recently stated, "In terms of non-organic aspects, the company can grow even faster if several measures are taken, including undertaking joint ventures or acquiring some repair stations locally or globally. By releasing 20% of its shares, GMF AeroAsia will already be able to grow non-organically, while organic growth will depend on the entire advancement of Garuda Indonesia."

Similar Private Companies By Industry

Company Name Region
PT Unindo Air Charter Asia
GMF AeroAsia, PT Asia
Merpati Maintenance Facility Asia
PT ASL Shipyard Indonesia Asia
PT Goodrich Aeronautical Systems Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact GMF AeroAsia, PT, please visit gmf-aeroasia.co.id. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.