SIA Engineering Company Limited (SIAEC) has announced that its wholly-owned subsidiary, SIAEC Global Private Limited, has successfully acquired a 30% stake in Arport Aircraft Maintenance & Engineering (Fujian) Co., Ltd. (Arport AME) for RMB129m. This acquisition was achieved through a public tender administered by the Xiamen Equity Exchange Centre.
The investment will lead to the formation of a joint venture (JV) with Arport AME’s direct shareholders. The JV is set to provide maintenance, repair, and overhaul services, including line maintenance and ground services at airports in Xiamen, Fuzhou, Wuyishan, and Longyan, as well as base maintenance services at Xiamen airport.
SIAEC, a major provider of aircraft maintenance, repair, and overhaul services in the Asia-Pacific region, has a client base of over 80 international carriers and aerospace equipment manufacturers. The company operates in more than 30 airports across nine countries and holds approvals from 27 national aviation regulatory authorities.
The transaction is not expected to significantly impact SIAEC’s net tangible assets per share or earnings per share for the financial year ending 31 March 2026. Additionally, none of SIAEC’s directors or controlling shareholders have any direct or indirect interest in the transaction, aside from their shareholdings in the company.
This strategic move aligns with SIAEC’s ongoing efforts to expand its service offerings and strengthen its presence in the aviation maintenance sector.
