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Garuda Indonesia unit GMF AeroAsia selling 20 pct stake to public -GMF CEO
September 11, 2017 / 8:01 AM / 2 months ago

Garuda Indonesia unit GMF AeroAsia selling 20 pct stake to public -GMF CEO

JAKARTA, Sept 11 (Reuters) - Garuda Maintenance Facility AeroAsia (GMF AeroAsia), the aircraft maintenance and repair unit of Indonesian flag carrier PT Garuda Indonesia Tbk , is selling a 20 percent stake to the public, its chief executive said on Monday.

“This offering is mainly to drive global expansion,” GMF CEO Iwan Joeniarto said at a briefing.

Garuda owned 99 percent of GMF as of July, according to GMF’s presentation slides. (Reporting by Cindy Silviana; Writing by Eveline Danubrata)

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