"Our customers keep increasing. Hence, we are now eyeing customers from Russia," GMF AeroAsia President Director Iwan Joeniarto stated after the signing of cooperation with PT Indopelita Aircraft Service here on Wednesday.
Joeniarto elaborated that Russia is a potential market because the country did not focus its industry on aircraft maintenance. "As they do not focus on aircraft maintenance, repair, and overhaul industry, they will surely send them abroad (for maintenance)."
He noted that cost allocation for workers in East Europe and West Europe is very high.
"Some of them do not carry out aircraft maintenance in their country due to high labor cost. They focus on high technology and industry with advanced technology," he added.
In addition to Russia, India and South Korea have also seen fast market development.
"We will see an overload," Joeniarto remarked, adding that the company has worked in cooperation with some aircraft maintenance firms to improve its capacity and capability, including with the Merpati Maintenance Facility (MRO) and PT Indopelita Aircraft Service.
Reporting by Juwita Trisna Rahayu