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GMF and IIF Agreed on the Financing Agreement

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PT GMF AeroAsia and PT Indonesia Infrastructure Finance signed a loan facility agreement to finance the company’s investment needs. The agreement was signed by GMF’s Director of Finance Gatot Satriawan, GMF’s Director of Corporate Strategy and Development Setijo Awibowo and the President Director of IIF Sukatmo Padmosukarso at the GMF Management Building on July 16th, 2014 and was witnessed by notary Arry Supratno, SH.

In the agreement, IIF is ready to channel fund of USD 30 million. The fund is valid for six years. “IIF provides the best terms and conditions,” said Gatot Satriawan. In this cooperation GMF receives a 100 percent funding. The funding is aim to meet this year’s investment in capability development. “We need this fund to purchase tools and equipment, and also spare part components,” he said.