Chloe Lim

[SINGAPORE] SIA Engineering and Air India on Friday (Jul 3) signed a memorandum of understanding (MOU) to explore opportunities to collaborate in maintenance, repair and overhaul (MRO) aspects.

Development of the first two berths is scheduled to start at the end of 2026

The move comes as these entities increasingly carry out tasks autonomously

The tie-up covers four areas, including access to the South Korean market for the Singapore lender’s clients

The partnership will enhance their ESG portal to help firms with issues such as Scope 3 emissions reporting

Offering comprises nearly 162.6 million shares at S$0.76 apiece

Cumulative deliveries pass 1.1 million as at Jun 30, 2026

This signals how the need to strengthen data quality, processes and controls is increasingly recognised in the sector

With its primary business sold away and stock price flagging, its continued public listing has come into question

The sale of its main brokerage business for US$1 is the latest in a string of issues since its Nasdaq listing