SIA Engineering to book impairment against base maintenance unit's assets

Singapore

SIA Engineering Co (SIAEC) will recognise a non-cash impairment provision against its base maintenance unit's assets, and is working on finalising the quantum.

This is expected to have a material impact on the group's financial results for the first half of its fiscal year, said the aircraft maintenance, repair and overhaul (MRO) arm of Singapore Airlines, in a profit guidance on Wednesday morning.