SIA Engineering Company Limited (SIAEC) has signed new comprehensive services agreements with Singapore Airlines (SIA) and Scoot, the low-cost subsidiary of SIA. These agreements replace the previous services agreements signed with SIA and Scoot in April 2023.
The new agreements take effect from April 1, 2025, for an initial term of two years, with an option to extend for an additional year. Under the agreements, SIAEC will continue to support the SIA and Scoot fleets with a wide range of maintenance, repair and overhaul (MRO) and fleet management support services.
Collectively, the agreements are expected to generate total labour revenue of SG$1.3 billion over the two-year term, representing a material contribution to SIAEC's business.
