SIA Engineering Company (SIAEC) has been appointed by Air India as the strategic partner for base maintenance (BM) facility development in Bangalore, India.
In collaboration with Air India, SIAEC will oversee the planning, construction and operationalisation of Air India’s BM facilities in Bangalore. Expected to be operational by 2026, these facilities will include wide-body and narrow-body hangars, alongside repair shops, to cater to the growing maintenance, repair and overhaul (MRO) requirements of Air India Group’s aircraft fleet.
Chin Yau Seng, CEO of SIAEC, commented: “We are delighted to be able to play a small part in Air India’s amazing transformation journey and look forward to working closely with the Air India team to ensure the success of this project. This appointment marks another significant milestone in the development of the partnership between Air India and SIAEC. Going forward, we hope to have even more opportunities to collaborate with Air India in the MRO space in India.”
Campbell Wilson, Chief Executive Officer and Managing Director, Air India, said: “The collaboration with SIA Engineering Company will not only help Air India become more self-reliant for the maintenance of its own fleet but it also reiterates our commitment to strengthen India’s aviation infrastructure by boosting the growth of the country’s MRO industry.”
The transaction is not anticipated to materially affect the net tangible assets per share or earnings per share of the SIAEC Group for the financial year ending March 31, 2025. None of the directors or controlling shareholders of SIAEC have any direct or indirect interest in the transaction, except through their shareholdings in SIAEC.
