GMF AeroAsia, was due to release 30% of its stock through an IPO in the second quarter of 2013. GMF AeroAsia is the maintenance unit of Indonesia’s national flag carrier. The company hopes to gain about USD $100 million through the IPO. Despite good perspectives in Indonesia’s aviation sector, Garuda’s stocks have fallen significantly. This year, the company’s shares fell 20.31 percent. Indonesian MRO firm GMF AeroAsia has delayed its plans for an initial public offering (IPO), but could be in a position to launch one by the end of the year. GMF chief executive Richard Budihadianto says that although

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