ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Garuda Indonesia maintenance unit seeks $300m in share sales

GMF AeroAsia will use IPO, strategic investors to expand, revamp Asia-Pacific ops

GMF AeroAsia operates a maintenance facility at Soekarno-Hatta Airport outside Jakarta. (Photo by Erwida Maulia)

JAKARTA -- The maintenance unit of flag carrier Garuda Indonesia aims to raise at least $300 million by selling shares via an initial public offering as well as to "strategic investors," a company executive said Monday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more