SIA Engineering Company Limited (SIAEC) has signed a non-binding Memorandum of Understanding with Impeccable Vintage Properties Sdn Bhd (IVP), a wholly-owned subsidiary of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad (Khazanah), to potentially lease two hangars located at Complex A, Sultan Abdul Aziz Shah Airport, Selangor, Malaysia (Subang).
Through this MOU, the parties will now work on the next phase of hangar technical assessment to ensure that the refurbished hangars will be future-ready to support the maintenance, repair and overhaul (MRO) of current and next generation aircraft.
Ng Chin Hwee, SIAEC Chief Executive Officer, said: “These hangars will strengthen our network of base maintenance facilities in the region, enabling us to cater to the varying needs and capabilities required by our customers. Along with our recently announced plans to acquire SR Technics Malaysia and POS Aviation Engineering Services, our growth in Malaysia will complement the capabilities of our Singapore hub.”
