Key insights and market outlook
PT Garuda Maintenance Facility Aero Asia (GMFI) has signed an operational cooperation agreement with PT Bandarudara Internasional Jawa Barat (BIJB) to develop Kertajati Aerospace Park. The project is expected to attract Rp 12.90 trillion (US$ 771 million) in investments during its long-term cooperation period, starting with an initial investment of Rp 133.88 billion (US$ 8 million). The aerospace ecosystem will include MRO facilities, engine & component workshops, manufacturing zones, training centers, and business centers.
PT Garuda Maintenance Facility Aero Asia Tbk (GMFI), a leading aircraft maintenance company, has entered into an operational cooperation agreement with PT Bandarudara Internasional Jawa Barat (BIJB) to develop the Kertajati Aerospace Park at West Java's Kertajati International Airport. This strategic partnership aims to create a comprehensive aerospace ecosystem in the region.
The Kertajati Aerospace Park will feature an integrated aerospace ecosystem including:
The project is expected to attract substantial investment in phases. The initial investment is valued at US$ 8 million (approximately Rp 133.88 billion), while the total projected investment during the long-term cooperation period is estimated at US$ 771 million (approximately Rp 12.90 trillion). This significant investment demonstrates confidence in Indonesia's aerospace sector growth potential.
The development of Kertajati Aerospace Park is expected to create a significant economic impact through:
The project's strategic location at Kertajati International Airport provides direct access to aviation infrastructure, making it an ideal location for an integrated aerospace ecosystem.
Kertajati Aerospace Park Development
Strategic Investment Agreement