SIA Engineering Group has reported stable demand for its Maintenance, Repair and Overhaul (MRO) services in the first quarter of FY2026/27, with a 2.9% increase in flight volumes handled in Singapore compared to the previous year. This growth occurred despite flight cancellations due to the Middle East conflict. The company also celebrated the official opening of its Base Maintenance Malaysia facility in May 2026, with plans to expand its capacity further by the second half of the fiscal year.
The company has entered into a joint venture with Safran Aircraft Engines to establish a CFM LEAP engine MRO shop in Singapore, aiming to enhance its capabilities for LEAP-1A and LEAP-1B engines. This venture will see Safran holding a 51% stake, with SIA Engineering holding the remaining 49%. Additionally, SIA Engineering signed a Memorandum of Understanding with Air India Limited to explore potential MRO collaborations in India.
Financially, the group reported a revenue of $327.6m for the quarter, an 8.6% decrease year-on-year due to reduced material revenue. However, excluding materials, revenue rose by 4.2%. Operating profit improved to $13.2m, up by $8.1m from the previous year. Despite a reduction in profits from joint ventures, the group’s net profit after tax stood at $40.3m, slightly lower than the previous year.
Looking ahead, SIA Engineering remains optimistic about the Asia-Pacific MRO market, driven by increasing passenger traffic and fleet expansion. The company plans to continue expanding its regional footprint and enhancing its capabilities to support next-generation aircraft.
