JAKARTA (Yosefardi) – PT Garuda Maintenance Facility (GMF) AeroAsia, the maintenance and repair unit of PT Garuda Indonesia Tbk (GIAA), targets to book revenue of US$250.7 million next year, a 15% rise compared to US$218 million projected for this year.
The revenue growth will be supported by the operation of its fourth hangar in Cengkareng in the second quarter of 2014. This project costs US$50 million.
GMF booked net profit of US$12 million in first nine months of this year. It allocates capex of US$65 million for next year.
GMF expects to launch the initial public offering (IPO) in first quarter of next year, targets to raise US$100 million, equivalent Rp1 trillion.