Mainboard-listed SIA Engineering Company Limited (SIAEC) yesterday announced that it has entered into a two-year contract (with an option to renew for an additional year) with Tigerair Australia to perform heavy maintenance services for its A320-200 fleet commencing in May 2016.
The maintenance services will be undertaken by SIAEC and its joint venture company, SIA Engineering (Philippines) Corporation, at their facilities in Singapore and Clark, Philippines respectively.
Tigerair Australia, based in Melbourne, currently operates a fleet of 14 A320-200 aircraft, serving 11 destinations within Australia.
Mr Png Kim Chiang, Chief Executive Officer of SIAEC, said: “We are pleased to be entrusted with the heavy maintenance checks of Tigerair Australia’s A320 fleet. This agreement demonstrates the confidence and excellent relationship between Tigerair Australia and SIAEC. With our MRO experience on Airbus aircraft, built over a span of three decades, we are confident of delivering quality services and engineering support to Tigerair Australia’s A320 fleet.”
Mr Rob Sharp, Chief Executive Officer of Tigerair Australia, said: “We look forward to working closely with SIAEC over the next two years as we continue to strengthen the operational performance of the airline as part of our long term business strategy. SIAEC has vast experience in the heavy maintenance environment and provide the highest standards with precision and efficiency. It’s a great fit for Tigerair Australia as we continue to provide our customers with the very best in terms of affordable and reliable air travel.”
The transaction is not expected to have a material impact on SIAEC’s financial performance in FY2016/17. None of the Directors of SIAEC has any interest, direct or indirect, in the transaction.