SIA Engineering expects ‘moderate’ impact from Middle East war – for now

[SINGAPORE] SIA Engineering is not spared from rising electricity cost and diesel prices, but the impact will be muted to a “large extent” given the size of the business, said CEO Chin Yau Seng at an earnings briefing on Tuesday (May 12).

Carriers cutting back flights – as a result of rocketed jet fuel prices or fuel shortages – is also a minus for the group’s line maintenance business, he noted.

However, the group is looking at passing on costs to airline customers to mitigate cost pressures where possible, such as at upcoming contract renewals.