In 2003, Singapore Airlines acquired a 49% stake in GMF AeroAsia.
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.
Hangar 1 was built in 1991 designed for Boeing 747s, has two full docks and is 22,000 m2. Hangar 2 is 23,000 m2 and has 3 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 m2. It normally holds up to 3 narrow body aircraft, but can be reconfigured to hold up to one wide body and one narrowbody. It has 7 bays with 4 full docks. It has 6 roof-mounted cranes and has one bay designed for MD11's, DC10's, and wide Airbus 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.
MTU Maintenance has signed a joint operation agreement with the Indonesian maintenance, repair and overhaul (MRO) provider Garuda Maintenance Facilities (GMF) AeroAsia, a 1.25-million-square-metre facility.(BUSINESS BRIEFING)(Brief article)
Sep 22, 2007; MTU Maintenance has signed a joint operation agreement with the Indonesian maintenance, repair and overhaul (MRO) provider Garuda...