SIA Strengthens Aftermarket Collaboration-1.jpg SIA Engineering

SIA Strengthens Aftermarket Collaboration

Singapore-based MRO adds to Asia-Pacific's competitive aftermarket following new announcements at this year's Paris Air Show.

Aftermarket competition in Southeast Asia is heating up following a series of announcements from Malaysian and Singaporean organisations during the 2017 Paris air show.

The latest is between SIA Engineering and Boeing and calls for the pair to collaborate on the provision of maintenance training for Boeing 737, 777 and 787 aircraft.

Such services are urgently needed in the region: Asia-Pacific will take 38% of the 548,000 new technicians required by the global commercial aircraft industry over the next 20 years, according to a recent Airbus forecast.

Asia will also experience the fastest MRO growth, with its share of the global market rising from about 30% to 36%.

Under the SIA-Boeing deal, SIA will provide aircraft maintenance training services on behalf of Boeing to airlines located in and around the Southeast Asian region.

Earlier in the week SIA also announced a joint venture with GE to provide maintenance for GE90 and GE9X engines from Singapore, while the Malaysian government furthered plans to create an aerospace maintenance and engineering park at Subang airport.

As is fast becoming the norm for new aftermarket initiatives, all of the above deals were joint ventures.

Despite selling stakes in engine shops SAESL and HAESL earlier in 2016, SIA Engineering remains an enthusiastic forger of strategic partnerships. Other deals include a Singapore-based joint venture to overhaul Moog’s products, and the incorporation last year of Heavy Maintenance Singapore Services, a 65-35 joint venture between SIA Engineering and Airbus.

Designed to become Airbus’ Asian centre of excellence for heavy maintenance on the A350 and A380, the new company will provide airframe maintenance, cabin upgrade and modification services for A380, A350 and A330 aircraft.

TAGS: Asia Pacific
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