Mainboard-listed SIA Engineering Company (SIAEC) today announced the official opening of its sixth overseas line maintenance joint venture at Ho Chi Minh City’s Tan Son Nhat International Airport, the largest and busiest airport in Vietnam.

The joint venture company, Southern Airports Aircraft Maintenance Services (SAAM), is 49% owned by SIAEC while the remaining 51% is held by Southern Airports Corporation (SAC), a state-owned enterprise under the country’s Ministry of Transport.

SAC operates nine international and domestic airports in the southern region of Vietnam. Its subsidiary SAGS is the dominant ground-handling service provider at Tan Son Nhat International Airport, with a market share of more than 50%.