SIA Engineering CEO says aviation recovery uncertain as economy wobbles
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Yong Jun Yuan
AIRCRAFT maintenance provider SIA Engineering Company (SIAEC) handled 78.7 per cent of pre-pandemic flight volumes in March this year, but the next 20 per cent of recovery will not be as certain, chief executive Ng Chin Hwee said on Tuesday (May 9).
At a media and analyst briefing, he said macroeconomic factors could weigh on further growth.
Ng noted that airlines face aircraft availability constraints and difficulties recruiting crew. Inflation and a tight labour market, meanwhile, have placed upward pressure on wages.
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