SIA Engineering Company (SIAEC) and Xiamen Iport Group (IPORT Group) have signed a legally non-binding Memorandum of Understanding (MOU) to explore Maintenance, Repair and Overhaul (MRO) opportunities in Fujian, China. IPORT Group owns and operates airports in Xiamen, Fuzhou, Wuyishan and Longyan. The objective of the MOU is to establish a framework for both parties to work together and identify potential areas of collaboration.
Leveraging SIAEC’s comprehensive MRO service offerings, certifications and maintenance capabilities and IPORT Group’s extensive infrastructure and resources in Fujian, SIAEC and the IPORT Group will evaluate various MRO collaboration opportunities under this MOU.
As at the date of this announcement, no definitive or binding agreements have been entered into or reached by SIAEC in respect of the matters contemplated by the MOU, and there is no assurance or certainty that such agreements will be entered into or reached or that such matters will be proceeded with.
The Company will make the necessary announcement(s) in relation to the potential collaboration as and when there are any material developments on the matter, including the signing of any definitive agreements.
Xiamen Iport Group Co., Ltd, a modern state-owned enterprise, ranks among China’s top 500 multinational enterprise groups. It is engaged in the business of services and investment holding of trans-national and diversified businesses, primarily in four sectors: aviation management, logistics and supply chain business, tourist hotels and the development and management of ports in economic zones.
