SIAEC expands services agreement with Scoot

The agreement will span 58 months with an option for a 24-month extension.

SIA Engineering Company (SIAEC) announced the expansion of the scope of its services agreement with Scoot to include the airline’s new Embraer E190-E2 fleet.

SIAEC will cover line maintenance and selected fleet management support services.

ALSO READ: Local business sentiment at its most optimistic since 2023: study

This expansion is estimated to generate revenue worth $52m over the 58-month period to start on 1 April, with an option to extend for another 24 months.

The transaction will not have a material impact on the net tangible assets per share or the earnings per share of SIAEC for the financial year ending 31 March 2024.

Follow the link s for more news on

Scoot

SIA Engineering Company

Also Read

SIA’s passenger traffic inches up 0.5% YoY in February

SIA, Salesforce collaborate on AI customer case management system

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Fu Yu receives board change request from shareholder Victor Lim

Fu Yu Corporation Limited has received a new request from shareholder Mr. Victor Lim to propose board changes at its upcoming Annual General Meeting (AGM).

Manufacturing

1 hour ago

Chocolate Finance processes all March redemptions on schedule