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SIA Engineering inks 10-year contract with France's Safran Aircraft Engines
SIA Engineering Company has signed a 10-year agreement to provide engine maintenance services to Safran Aircraft Engines (SAE), a French manufacturer of aircraft and rocket engines.
To support these services, SIA Engineering will set up a dedicated facility which will start operations in 2020, the engineering arm of Singapore Airlines said in a regulatory update on Friday.
Through the agreement, SIA Engineering will contribute to the maintenance, repair and overhaul ramp-up of the LEAP engine, said SAE chief executive Olivier Andriès.
SIA Engineering will provide quick-turn and modification embodiment services for both CFM LEAP-1A and LEAP-1B engines. LEAP-1A is one of two engine options for the Airbus A320neo family, while LEAP-1B is the exclusive powerplant for the Boeing 737 MAX.
The agreement is an extension of SIA Engineering and SAE's partnership, which began more than three years ago.
SIA Engineering shares closed on Thursday at S$2.81, up one Singapore cent or 0.4 per cent.