Garuda Indonesia Plan To Spin Off Subsidiaries May Be On Hold

Credit: Airbus
Garuda Indonesia has appointed Indonesia’s Mandiri Securities to provide advice on the initial public offerings (IPOs) for two of its subsidiaries, but there is still a hurdle to overcome. The two subsidiaries are: GMF AeroAsia, Garuda’s maintenance, repair and overhaul provider; and Aerowisata, its...

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