SIAEC unit inks 15-year lease for two hangars in Subang, Malaysia

The hangars have a combined capacity of six simultaneous aircraft checks.

Base Maintenance Malaysia, a wholly owned subsidiary of SIA Engineering Company (SIA EC), has entered into an agreement with Impeccable Vintage Properties to lease two hangars within Complex A of Sultan Abdul Aziz Airport in Subang, Malaysia.

IVP is a wholly owned subsidiary of Malaysia’s sovereign wealth fund Khazanah Nasional.

Under the lease, SIA EC can use the hangar facilities for 15 years and can renew the lease for another 15 years.

In a bourse filing, SIA EC said the addition of the Subang Hangars, each  able to accommodate two wide-body aircraft, will boost its airframe check capacity in providing comprehensive maintenance, repair and overhaul (MRO) of current and next-generation aircraft.