SIAEC braces for slow, difficult recovery in battered aviation industry

Singapore

GIVEN the unprecedented scale of the curbs in international air travel, SIA Engineering Company (SIAEC) expects any form of recovery to be a challenge. In a post-results call on Monday, the aircraft maintenance, repair and overhaul (MRO) company said the biggest hurdle ahead will be how the aviation industry will change once the crisis blows over.

Border controls and a decline in travel demand due to the Covid-19 pandemic have led to drastic cuts in flight capacities, directly impacting SIAEC's line maintenance and cabin services business units in Singapore and its overseas line maintenance stations.