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Garuda Indonesia unit GMF AeroAsia in advanced talks on stake sale

Strategic investors include Turkish Technic and Air France Industries KLM Engineering & Maintenance, say sources

Jakarta

GMF AeroAsia, the state-owned maintenance arm of Garuda Indonesia, is in advanced talks with at least two strategic investors, after a disappointing initial public offering last month aimed at raising capital to help take on rivals such as SIA Engineering for a slice of the US$13....

sentifi.com

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