SIA Engineering Company (SIAEC) has entered into an agreement with Pratt and Whitney (P&W) to exit from the PW1500G engine risk-revenue sharing programme (RRSP) that was held through its wholly-owned subsidiary, NexGen Network (2) Holding (NGN2). This programme was previously known as the CSeries aircraft engine programme. NGN2 invested in the RRSP in 2010 and […]
SIAEC to exit PW1500G engine risk-revenue sharing programme Read More »
Mainboard-listed SIA Engineering Company (SIAEC) has announced the signing of an inventory technical management (ITM) agreement with Air India Group. Under this 12-year agreement, SIAEC will provide extensive component support coverage for Air India Group’s current fleet of Airbus A320-family aircraft. Besides access to its inventory pool, SIAEC (together with its subsidiaries and joint venture
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Further to the announcement dated February 13, 2020, SIA Engineering Company Limited (SIAEC) has released that SIAEC’s acquisition of 49% of the share capital of PAES was completed on August 10, 2023. The consideration for SIAEC’s acquisition of the 49% stake from Pos Aviation Sdn Bhd (PASB) was MYR4 million in cash. This was arrived
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