SIA Engineering Company
SIA Engineering Company (SIAEC) provides maintenance, repair and overhaul (MRO) of aircraft, engines and related components and offers the complete MRO suite of services.
See below for the Latest SIA Engineering Company News, Analysis, Profit Results, Share Price Information, and Commentary.
SIAEC posts higher net profit of $26.9m in 3Q23/24
SIAEC posts higher net profit of $26.9m in 3Q23/24
The 3Q23/24 record is an improvement of $14.1m year-on-year.
SIAEC divests its entire stake in aerospace company for US90,000
It sold its 60% shareholding to STRATASYS.
SIAEC unit inks 15-year lease for two hangars in Subang, Malaysia
The hangars have a combined capacity of six simultaneous aircraft checks.
Chin Yau Seng begins duty as SIAEC CEO
In April, Chin was appointed as CEO-designate of the company.
SIA Engineering net profit more than doubles to $27m in Q1 FY23-24
It posted its first quarter of operating profit since the pandemic.
SIAEC, Eaton form maintenance, repair and overhaul JV in Malaysia
Forty-nine per cent of the JV’s shares will be held by SIAEC.
SIAEC establishes line maintenance joint venture in Cambodia
It seeks to provide line maintenance solutions at the new Techo International Airport starting March 2025.
SIA Engineering rolls out improvement journey programme to boost work culture
It was driven by the business enhancement from Transformation Phase 2.
SIAEC’s net profit dips 1.2% YoY to $66.4m in FY22/23
Despite the decline, the company proposed a final dividend of $0.55.
SIA Engineering appoints new CEO
Chin Yau Seng will take on the role as he steps down as SIA Senior VP for Cargo.
SIA Engineering Company inks $1.14b services deal with Singapore Airlines
The deal will commence on 1 April.
SIA Engineering posted higher H1 22/23 profit due to flight recovery
The firm recorded $32.5m net profit in the first half of 2022/2023.
SIA Engineering Company to provide aircraft services for new Malaysian budget airline
This includes engine spares on-site consignment and repair support services.
SIAEC inks deal to provide maintenance services to Hawaiian Airline until 2027
The mainboard-listed company will conduct maintenance checks for the airlines’ A330-300 fleet.
SIA Engineering achieves positive core profitability in Q1 FY23
Excluding government support, its core profitability reached $4.2m.
SIAEC-Boeing Singapore venture to cease operations in August
The venture was incorporated in Singapore in October 2015.
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