SIA Engineering Company (SIAEC) and Safran Aircraft Engines have announced a joint venture to establish a comprehensive CFM LEAP engine maintenance, repair, and overhaul (MRO) facility in Singapore. This collaboration, marked by a joint venture agreement, follows a letter of intent signed in November 2025, aiming to enhance LEAP engine support in the region.
The new facility will integrate SIAEC’s existing Quick Turn maintenance operations at Changi North, expanding its capacity and service scope for LEAP-1A and LEAP-1B engines. This development is expected to meet the growing global demand for LEAP engine maintenance. Wong Yue Jeen, Chief Commercial Officer of SIAEC, stated, “The new LEAP MRO JV combines Safran Aircraft Engines’ OEM expertise and SIAEC’s MRO excellence, strengthening the LEAP maintenance network.”
Safran Aircraft Engines will hold a 51% stake in the joint venture, with SIAEC owning the remaining 49%. The total investment from both parties will reach US$118m, with SIAEC contributing up to US$57.8m, including US$13.7m in-kind contributions. Nicolas Potier, Executive Vice President Support & Services of Safran Aircraft Engines, commented, “This new MRO facility brings together the expertise of both companies to provide world-class performance.”
Financially, SIAEC anticipates a 6.5% increase in consolidated earnings per share and a 0.6% rise in net asset value per share following the full contribution to the joint venture. The completion of the transaction is contingent on regulatory approvals.
