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Management of PT Garuda Maintenance Facility Aero Asia (“GMF”) hereby confirms that the process for the stake sale to a strategic investor is still ongoing and that as of today no decision has been made on the outcome of the process
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Tangerang, January 23rd 2018 – Management of PT Garuda Maintenance Facility Aero Asia (“GMF”) hereby confirms that the process for the stake sale to a strategic investor is still ongoing and that as of today no decision has been made on the outcome of the process including the investor to be selected. “GMF is operating in a strategic industry. It is the largest MRO company in Indonesia and is a now a public company. Management will make a decision that is prudent and transparent, and which will consider the interests of all stakeholders.” said GMF AeroAsia President & CEO Iwan Joeniarto in Tangerang on Tuesday (23/1).