The joint venture will commence operations in Don Mueang International Airport.
SIA Engineering Company (SIAEC) entered into a joint venture agreement with NokScoot Airlines Co., Ltd (NokScoot) to form a line maintenance joint venture based in Thailand.
According to an announcement, NokScoot will hold an equity stake of 51% in the joint venture, with SIAEC taking the remaining 49% stake. The agreement is subject to the receipt of regulatory approvals. The joint venture will have an initial registration capital of $2.74m.
The joint venture will commence operations in Don Mueang International Airport (DMK) and subsequently expand to other key airports in Thailand.
Png Kim Chiang, SIAEC CEO, said, “The joint venture will allow SIAEC to support NokScoot’s growing fleet in Thailand and grow SIAEC’s existing network of Line Maintenance International (LMI) stations to 34 airports in 7 countries outside Singapore.”
NokScoot is an associate of Singapore Airlines (SIA), as it is 49% owned by Scoot Tigerair. Scoot Tigerair is wholly-owned by Budget Aviation Holdings Pte Ltd, which is a wholly-owned subsidiary of SIA.
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