SIA Engineering Company Limited (SIAEC) has announced the signing of new Comprehensive Services Agreements with Singapore Airlines (SIA) and its low-cost subsidiary, Scoot. These agreements, effective from 1 April 2025, replace previous contracts from April 2023 and are set to run for two years, with an option for a one-year extension. The agreements are expected to generate a total labour revenue of $1.3b over the initial term.
The agreements cover a wide range of maintenance, repair, and overhaul (MRO) services, as well as fleet management support for the SIA and Scoot fleets. This development is significant for SIAEC, as it strengthens its business relationship with two major airlines in the region.
SIAEC is a leading provider of MRO services in the Asia-Pacific region, serving over 80 international carriers and aerospace equipment manufacturers. The company operates line maintenance services at more than 30 airports across nine countries and offers comprehensive airframe, engine, and component services.
The company also benefits from 25 subsidiaries and joint ventures with original equipment manufacturers and strategic partners in various countries, including Singapore, Cambodia, Hong Kong, and the United States. These partnerships enhance SIAEC’s service offerings and capabilities.
No directors or controlling shareholders of SIA and SIAEC have any direct or indirect interest in the transaction, aside from their respective interests in the companies.
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