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SIA Engineering inks 10-year contract with France's Safran Aircraft Engines

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SIA Engineering chief executive Png Kim Chiang (left) and Safran Aircraft Engines chief executive Olivier Andriès (right) sign a 10-year maintenance services agreement.

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.

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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.