SIAEC plans joint venture with Airbus

Singapore

MAINBOARD listed SIA Engineering Company Limited (SIAEC) announced plans to ink a joint venture deal with European planemaker Airbus SAS (Airbus) based in Singapore, which will provide airframe maintenance, cabin upgrade and modification services for Airbus A380, A350 and A330 aircraft to airlines in Asia-Pacific and beyond.

This joint venture marks SIAEC's first collaboration with a major aircraft manufacturer for airframe maintenance. The agreement is subject to regulatory approvals being obtained in the relevant jurisdictions.