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Garuda maintenance unit charts growth path with UAE hangar deal

GMF AeroAsia plans $400m in investment to capture demand beyond Indonesia

GMF AeroAsia depends on parent Garuda for most of its maintenance and repair business.

BANGKOK -- Flag carrier Garuda Indonesia plans to build a hangar in the United Arab Emirates to extend its international reach in aircraft maintenance, a business that is shaping up as a promising income stream for the troubled airline.

Garuda Maintenance Facility AeroAsia, a subsidiary that went public in 2017, is seeking a joint venture with a local non-airline partner in the UAE. A deal is expected to be signed by the end of the year, with operations to start by around 2020, GMF AeroAsia CEO Iwan Joeniarto told the Nikkei Asian Review in a recent interview.

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