Garuda Indonesia (GA, Jakarta Soekarno-Hatta) has participated in a rights issue conducted by subsidiary PT Garuda Maintenance Facility Aero Asia Tbk, though not with cash. Instead, it provided IDR418.28 billion rupiah (USD25.8 million) in non-cash deposits, primarily hangars and supporting facilities.

A January 3 Indonesia Stock Exchange (IDX) filing shows that Garuda Indonesia handed over three hangars, annex buildings, and other supporting assets, including machinery and access roads, to its subsidiary. In return, it is…

Source: ch aviation
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