PT Garuda Maintenance Facility Aero Asia Tbk (‘’GMF’’, ‘’ticker code of GMFI’’) held an online Public Expose 2020 on September 28th, 2020

Turbulence in the aviation world greatly affected the company's financial performance during the 1st semester. GMFI's revenue decreased by 35% in the same period last year. It was influenced by the decline in flight hours-based revenue, the postponement in maintenance schedules due to suboptimal aircraft operations, and the decrease of international customer's absorption due to restrictions policy on the access to/from abroad due to the COVID 19 pandemic.