SIA Contract Renewal Worth Up To $2.2bn For SIAEC

Singapore Airlines (SIA) has signed a new maintenance support contract with its subsidiary SIA Engineering (SIAEC) which could generate a total of SGD$2.6bn-SGD$2.9bn ($1.9bn-$2.2bn) in labour revenue for the MRO.

Singapore Airlines (SIA) has signed a new maintenance support contract with its subsidiary SIA Engineering (SIAEC) which could generate a total of SGD$2.6bn-SGD$2.9bn ($1.9bn-$2.2bn) in labour revenue for the MRO.

The new contract, which started on April 1, is fixed for three years with options to extend by a further five years.

The contract covers a “broad spectrum” of maintenance, repair and overhaul activities, as well as fleet management services.

SIA operates a fleet of 106 aircraft, comprising A330, A380 and 777 widebody jets, with an average age of seven years.

The carrier also has a further 12 aircraft on order, including five A380s.

TAGS: Asia Pacific
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