SIAEC renews $2.9b services agreement with SIA

To provide MRO and fleet management services.

SIA Engineering Company Limited has renewed its comprehensive Services Agreement with Singapore Airlines.

The new agreement commenced on April 1. It has a term of 3 years, with options to renew for 3 years and a further period of 2 years.

The agreement covers a broad spectrum of maintenance, repair and overhaul (MRO) and fleet management support services.

The agreement is expected to yield $2.6-2.9 billion in labour revenue over the 8-year term.

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