Link: https://links.sgx.com/1.0.0/corporate-announcements/C95ZZA5027UKE5R4/30828c9f69383cbd1dead2c85ecd0d816134017c649558c44259a3b4b694581e

Summary:

• SIA Engineering Company (SIAEC) has entered into new Comprehensive Services Agreements with Singapore Airlines (SIA) and Scoot, replacing previous arrangements.
• These agreements are effective from April 1, 2025, for a duration of two years, with an option for a further one-year extension.
• Under these agreements, SIAEC will provide critical maintenance, repair, and overhaul (MRO) as well as fleet management support services for the aircraft fleets of both Singapore Airlines and Scoot.
• The agreements are projected to generate a total labor revenue of $1.3 billion for SIAEC over the two-year period.
• This represents a significant development for SIAEC's business, highlighting its continued strategic partnership with Singapore Airlines and Scoot.