Jakarta, IDN Times – PT Garuda Maintenance Facility Aero Asia Tbk (GMFI), a prominent subsidiary of national flag carrier PT Garuda Indonesia (Persero) Tbk (GIAA), has officially announced its ambitious plan to undertake a Capital Increase with Pre-emptive Rights (PMHMETD), commonly known as a rights issue. This significant corporate action marks a pivotal moment for the company, having received a resounding endorsement from its shareholders during an Extraordinary General Meeting of Shareholders (RUPSLB) held on Friday, October 24, 2025.
During the first agenda item of the RUPSLB, shareholders overwhelmingly approved the issuance of an impressive total of up to 124,269,948,745 Series B shares. Each share will carry a nominal value of Rp25, meticulously aligned with the provisions set forth in OJK Regulation No. 32/POJK.04/2015, as subsequently amended by POJK No. 14/POJK.04/2019. The meeting’s second agenda further cemented these strategic moves by ratifying changes to Article 4, paragraphs (1), (2), and (3) of the Company’s Articles of Association. These amendments are crucial for adjusting the capital structure and increasing the issued and paid-up capital, directly facilitating the successful execution of this rights issue.
A cornerstone of this rights issue initiative is a substantial non-cash capital injection, or ‘inbreng,’ that GMFI is set to receive from PT Angkasa Pura Indonesia (API). This invaluable contribution comes in the form of 972,123 square meters of strategically important land situated within the bustling Soekarno-Hatta International Airport complex. The donated land encompasses GMFI’s primary operational hubs, specifically Hanggar 1 through Hanggar 4, and is valued at a significant Rp5.66 trillion. Following the execution of the Pre-emptive Rights transaction (HMETD), this vast expanse of land will not only become an integral part of GMFI’s vital aircraft maintenance activities but will also be formally recognized as a corporate asset. This move is poised to substantially bolster the company’s operational foundation and enhance its overall enterprise value.
Andi Fahrurrozi, President Director of GMFI, elucidated that this ambitious step represents a critical phase in GMFI’s overarching transformation journey. He stated, in an official release on Monday, October 27, 2025, “With strategic assets and a stronger capital structure, GMFI is poised to significantly expand its business capacity, fortify operational independence, and solidify its eminent position as a globally reliable integrated Maintenance, Repair, and Overhaul (MRO) provider.” The capital garnered from this PMHMETD will be strategically allocated as working capital to underpin ongoing operational activities, rigorously uphold safety and service quality standards, and, crucially, reinforce customer confidence. Ultimately, with a healthier equity structure and robust backing from its new majority shareholders, GMFI is charting a course towards a new era of corporate transformation, firmly oriented towards sustainable long-term growth.
Summary
PT Garuda Maintenance Facility Aero Asia Tbk (GMFI), a subsidiary of Garuda Indonesia, has announced a rights issue (PMHMETD) which was approved by shareholders on October 24, 2025. This corporate action involves issuing up to 124,269,948,745 Series B shares, each with a nominal value of Rp25. Additionally, shareholders ratified amendments to the company’s Articles of Association to adjust the capital structure and facilitate this increase in issued and paid-up capital.
A key element of this rights issue is a substantial non-cash capital injection from PT Angkasa Pura Indonesia (API). GMFI will receive 972,123 square meters of land at Soekarno-Hatta International Airport, including Hanggar 1 through Hanggar 4, valued at Rp5.66 trillion, which will be recognized as a corporate asset. GMFI’s President Director stated this move is crucial for the company’s transformation, aiming to expand business capacity, fortify operational independence, and solidify its position as a globally reliable MRO provider. The capital garnered will be allocated as working capital, for upholding safety standards, and reinforcing customer confidence towards sustainable long-term growth.