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Cebu Pacific buys out Singapore MRO JV partner
By Asian Aviation Staff
•Oct 27, 2020
The facility in the Philippines being sold. Cebu Pacific in the Philippines announced it would be buying out the majority stake of SIA Engineering in their joint venture Aviation Partnership Philippines Corporation (APPC). Cebu said it will pay US$5.6 million in cash to buy out SIA Engineering in the joint venture that was established in 2005 to maintain Cebu’s Airbus fleet and other aircraft. APPC will become a wholly-owned subsidiary of Cebu. The airline said the buyout was in line with its strategy to “align its line maintenance operations and objectives with its network and service requirements.” For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]
TAGSCebu PacificMROSIA Engineering
Asian Aviation Staffhttps://asianaviation.com/
Asian Aviation staff is comprised of award-winning journalists based throughout the Asia-Pacific region led by Editor Matt Driskill. 《亚洲航空》的编辑团队由主编马特·德里斯基尔 (Matt Driskill) 带领，汇聚了遍布亚太地区的获奖记者。