SIA Engineering to derive more contributions from its operating business
November 6, 2024 / /
It is riding on robust demand for MRO services amid supply chain constraints and deferred plane deliveries
AVIATION maintenance, repair and overhaul (MRO) services provider SIA Engineering (SIAEC) will lean more on its operating business in the next two to three years as it scales up processes, said its chief executive Chin Yau Seng.
At its financial results briefing on Wednesday (Nov 6), the helmsman noted that contributions from its associated and joint venture companies have bulked up the bottom line of Singapore Airlines’ (SIA) MRO subsidiary recently.
“In the coming period, we have to lean more on the operating side of business, the core business,” added Chin, without giving any forward guidance on this aspect.
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