SIA Engineering Company (SIAEC) has launched the Lean Academy on Sept 7.

The newly-launched academy is an extension of SIAEC’s training academy, and is a key thrust of the aviation company’s transformation journey to create greater value for its customers, workforce and the aviation community.

The Lean Academy is part of SIAEC’s Transformation Phase 2, which was launched in January 2021.

According to SIAEC, it will invest $10 million to accelerate and sustain a Lean transformation enterprise-wide, of the $40 million in planned investments for the second phase.

The company is also aiming to have 100% of its workforce trained in the Lean Academy by early 2023.

In the longer term, training at the Lean Academy will be extended to the wider aerospace maintenance, repair and overhaul (MRO) community. The Lean curriculum will also strengthen the SIAEC Training Academy’s extensive suite of aerospace-related training programmes.

“The ongoing wave of transformation across the aviation sector is a reminder of the rapidly changing MRO landscape and the need to constantly improve ourselves to enhance our competitiveness,” says Ng Chin Hwee, SIAEC’s CEO.

“The progress in our Lean journey has been very encouraging thus far, and we are confident that the Lean Academy will serve as a launchpad for us to scale up our efforts in this space. It also marks the latest milestone in our ongoing transformation journey that had begun in 2017, and a testament to our unwavering commitment to retain our position as one of the world’s leading MRO providers,” he adds.

Shares in SIAEC closed 2 cents lower or 0.94% down at $2.11 on Sept 7.