You are here

SIAEC evaluates sustainability of Thai line maintenance JV with Nokscoot Airlines

SIA Engineering Company (SIAEC) has said that it is evaluating the sustainability of its Thai-based line maintenance joint-venture company with Nokscoot Airlines Co. SIAEC and NokScoot have 49:51 ownership in Line Maintenance Partnership (Thailand) Company Limited (LMPT).

The evolving impact of the Covid-19 pandemic and depressed air traffic movement in Thailand has led the investments in LMPT to be scaled down with a minimal manning level at Don Muang International Airport in Thailand.

"There is, pending its shareholders’ approval, a proposal for the dissolution of NokScoot. SIAEC will also evaluate the impact of such dissolution, if approved, on the viability of LMPT," SIAEC said in a regulatory filing on the Singapore Exchange website on Sunday.

The company said that it will keep shareholders posted on any further material developments.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to