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Article: GARUDA INDONESIA TO SELL FOUR SUBSIDIARIES.
- Article from:
- AsiaPulse News
- Article date:
- January 18, 2007
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JAKARTA, Jan 18 Asia Pulse - State-owned airline Garuda Indonesia said it will sell four subsidiaries in April to concentrate on its core business.
Steps have been taken to sell PT GMF Aero Asia, PT Aerowisata, PT Abacus Distribution System and PT Gapura Angkasa, Garuda President Emirsyah Satar said yesterday.
Garuda will maintain a stake in GMF Aero Asia, which operates in aircraft maintenance and PT Aerowisata, a catering firm, as they are considered part of the core business, Satar said.
PT Abacus, a ticket reserve firm, and PT Gapura Angksa, which ...