GMF Aero Asia Aims for $150m Revenue in Q2


MAY 25, 2015

Jakarta. GMF Aero Asia, a subsidiary of flag carrier Garuda Indonesia, is aiming for revenue totaling $150 million in the second quarter of 2015.

GMF Aero Asia booked $65.96 million in revenue in the first quarter of 2015, performing 6.3 percent better than the initial target of $62 million.

GMF Aero Asia director Richard Budihadianto said the revenue growth was possible as long as the company kept improving its hangars and human resources, both in terms of quantity and quality.

"We are planning to operate a fourth hangar in July at Soekarno-Hatta International Airport, and we have plans to improve our human resources," Richard said.

Richard said Garuda Indonesia, Citilink and Sriwijaya Air had contributed 75 percent of GMF Aero Asia's total revenues while the rest had come from other domestic and foreign customers.