GMF AeroAsia - Misplaced Pages

GMF AeroAsia

Company type	Subsidiary
Traded as	IDX: GMFI
Industry	Aircraft maintenance, repair and overhaul
Founded	2002
Founder	Garuda Indonesia
Headquarters	Soekarno-Hatta International Airport, Jakarta, Indonesia
Number of locations	1
Key people	Andi Fahrurrozi (CEO)
Services	Commercial aircraft maintenance repair and overhaul, military maintenance repair and overhaul, power services, and aircraft on ground support
Revenue	USD 519,5 million (2019)
Operating income	USD 15 million (2019)
Net income	USD -3,0 million (2019)
Total assets	USD 756,4 million (2019)
Total equity	USD 265,3 million (2019)
Number of employees	5,000 (2019)
Parent	Garuda Indonesia
Website	GMF AeroAsia

GMF AeroAsia (PT Garuda Maintenance Facility AeroAsia Tbk) is an Indonesian company that specialises in aircraft maintenance repair and overhaul. The company serves the Asia-Pacific region and employs more than 4,000 people, and is based in Tangerang, Indonesia, it has many offices around the world. It services airplanes of many types and is one of the largest and leading aircraft maintenance facilities in Asia.

History

Before 2000 (millennium year)

The company was established in 1984 as Garuda Maintenance Facilities Support Center. In seven years, funded entirely by the Indonesian government, it had spent US$200 million, of which 63% was used to import hi-tech machinery and equipment. In 1996, it became a SBU changing its name to Garuda Maintenance Facilities AeroAsia, or GMF AeroAsia in short.

After 2000

In August 2002, it split off from PT Garuda Indonesia.

In January 2007, PT Garuda Indonesia announced it would sell a minority stake of GMF AeroAsia in April 2007. Other subsidiaries, PT Aerowisata, PT Abacus Distribution System and PT Gapura Angkasa would be sold completely as Garuda Indonesia does not consider them as "core business". GMF AeroAsia has recently concluded a restructuring as part of the company's strategic development visions embodied in 'The Global Challenge', a fifteen-year 'voyage' plan.

Currently, it is certified in many countries and serves many airlines. It has three partners; KLM Engineering & Maintenance, Swiss Air and Global Aviation USA In September 2008, KLM attempted to buy shares in GMF, but were turned down. The intention is to release the shares publicly and KLM were told they were free to buy shares at that point. In 2009, GMF AeroAsia's biggest clients are parent Garuda followed by Lion Air, but as 2015, GMF AeroAsia's biggest clients are its parent company Garuda Indonesia with its low-cost arm Citilink followed by Sriwijaya Air. Lion Air itself as previous second biggest client of GMF already sets up their own maintenance repair and overhaul in Batam called Batam Aero Technic and now only uses GMF when unable to bring their aircraft to Batam.

Facilities

All of its facilities are at Soekarno-Hatta International Airport. They comprise 480,000 m of built-up structures, including four hangars, a spares warehouse, workshops, utility buildings, ground support equipment building, chemical stores, engine test cell and management offices. In addition, GMF AeroAsia has an apron capable of handling up to 50 aircraft, taxiways, a run-up bay and a waste treatment area taking up a 1,150,000 m area.

Hangar 1 was built in 1991 designed for Boeing 747s, has two full docks and is 22,000 m. It can perform Section 41 Modification, replace and strengthen body skin, frame stringer, intercostal and several selected structure in Nose Section 41 area. Hangar 2 is 23,000 m and has 5 aircraft bays. It can perform minor A and B checks. It can hold up to one narrow body and one wide body jet. Hangar 3 is 23,000 m. It normally holds up to 7 narrow body aircraft, but can be reconfigured to hold up to one wide body and 6 narrow body. It has 7 bays with 4 full docks. It has 6 roof-mounted cranes and has one bay designed for McDonnell Douglas MD-11s, McDonnell Douglas DC-10s, and Airbus A330s. On September 28, 2015 Hangar 4 began operation with a capacity of 16 narrow-body aircraft on an 67,022 square-meter of land, making it the largest in the world, is equipped with a purpose-built docking platform for heavy maintenance of narrow body aircraft.

AeroAsia also provides certain assets of OEMs, located in a customs bonded area at Soekarno-Hatta International Airport. Customers can get anything from this storage warehouse with a computerized system. It uses this warehouse to provide asset management, inventory assistance, management services and trading aircraft parts.