Corporate Actions

Garuda Maintenance Facility AeroAsia (GMF AeroAsia), the aircraft maintenance and repair unit of Indonesia’s national flag carrier Garuda Indonesia, allotted US$100 million to its capital expenditure budget in 2018. This includes the funds that are required for the company’s expansion plans to the Middle East. GMF AeroAsia raised Rp1.13 trillion through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2017.

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