SIA Engineering inks MOU with tech group Safran on data analytics

SIA Engineering (SIAEC) announced on Tuesday the signing of a Memorandum of Understanding (MOU) with Safran to collaborate in the field of data analytics.

Under the MOU, both SIAEC and Safran will explore collaborating in the areas of research and development of software for predictive maintenance, to be used in the aviation industry.

Safran is an international high-technology group and tier-1 supplier of systems and equipment in the aerospace and defence markets.

Under this partnership, Safran will provide its expertise in developing and deploying software and services, while SIAEC will contribute its extensive engineering and maintenance, repair and overhaul (MRO) experience.

The deployment of advanced predictive software during aircraft operations is expected to improve aircraft maintenance planning and reduce unscheduled disruptions to aircraft revenue service, said SIAEC in a filing to the Singapore Exchange.

Through this collaboration, both parties will be able to develop innovative aircraft maintenance solutions for their customers worldwide.

The MOU is not expected to have a material impact on the financial performance of SIAEC in FY2017/18.