Garuda Indonesia has participated in a rights issue conducted by subsidiary PT Garuda Maintenance Facility Aero Asia Tbk, though not with cash. Instead, it provided IDR418.28b rupiah (US$25.8m) 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. Garuda Maintenance Facility Aero Asia, trading as GMF AeroAsia, is a major Southeast Asian MRO business that Garuda Indonesia spun-off and listed on the IDX in 2017. However, the flag carrier retains a 89%-plus shareholding. In the filing, Garuda Indonesia said the transaction would improve operational efficiencies and increase "the strategic value of assets through management by entities that have special competencies." In related news, another Garuda subsidiary, Citilink, wants to have all its aircraft back in service by the end of 2025. Last week, Citilink President Director Dewa Kadek Rai told Jakarta journalists that his focus was on getting 19 grounded aircraft back in the air.<br/>