Continue reading this on our app for a better experience

Open in App
Home News Aviation & Engineering

SIAEC secures 12-year component programme with Air India

Bryan Wu
Bryan Wu • 2 min read
SIAEC secures 12-year component programme with Air India
Bernd Riggers, Senior Vice President Component Services of SIAEC (left) and Sisira Kanta Dash, Chief Technical Officer of Air India Group at the agreement signing event at the Singapore Airshow. Photo: SIAEC
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SIA Engineering Company (SIAEC) S59 -

has announced the signing of a 12-year inventory technical management (ITM) agreement with Air India Group on Feb 21.

Under the agreement, SIAEC will provide extensive component support coverage for Air India Group’s current fleet of Airbus A320 family aircraft. 

Besides access to its inventory pool, SIAEC, together with its subsidiaries and joint venture companies with original equipment manufacturers, will also provide repair and overhaul services for airframe and on-wing engine components. 

SIAEC CEO Chin Yau Seng says: “We are honoured to be selected as Air India Group’s component service partner, and appreciative of their confidence in our ITM programme. Our Airbus A320 ITM programme will support Air India Group’s commitment to delivering world class service. Together with our network of component shops and joint venture companies, we are confident in providing high quality and reliable component services to Air India Group”.

Campbell Wilson, CEO and managing director of Air India, adds: “We are delighted to have SIAEC as our partner. The collaboration will further bolster our repair and maintenance competencies for the Airbus A320 family of aircraft and enhance our reliability and availability of components for aircraft operations.”

SIAEC notes that the transaction is not expected to have a material impact on the net tangible assets per share or the earnings per share of the company for its FY2024 ending March 31.

See also: SIA Group says passenger traffic rose 7.2%, as SIA and Scoot carried 3.2 mil passengers in June

Shares in SIAEC closed 2 cents lower or 0.86% down at $2.31 on Feb 31.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.