SIA Engineering signs services deal with Scoot; Liebherr, China Airlines sign A321neo deal

Singapore-based SIA Engineering Company Limited (SIAEC) announced the signing of a Comprehensive Services Agreement with Scoot. The new agreement, commencing 1 April 2023, is for a term of two years, with an option to extend for a further period of one year. SIAEC’s support of the Scoot fleet covers a broad spectrum of maintenance, repair and overhaul (MRO) and fleet management support services. The agreement (if extended after the first two years) is expected to yield a labour revenue of S$120.8 million over the three-year term. The transaction is not expected to have a material impact on the net tangible assets per share or the earnings per share of the SIAEC Group for the financial year ending 31 March 2024. Goh Choon Phong, a director of SIAEC, also sits on the board of Singapore Airlines, the parent company of Scoot. Save as disclosed, none of the Directors and controlling shareholders of SIAEC has any interest, direct or indirect, in the transaction, other than through their shareholdings (if any) in SIAEC. Liebherr signs deal with China Airlines Liebherr and China Airlines have entered into a long term agreement, under which the OEM Liebherr-Aerospace will provide repair support services for a wide range of air conditioning and bleed system components installed on China Airlines’ fleet of 25 Airbus A321neo. All material support and component maintenance services will be provided by Liebherr-Singapore, Liebherr-Aerospace’s dedicated service center for the Asia-Pacific region. “We really appreciate Liebherr’s service and place our trust and confidence in the company. We want to continue our long term partnership and thus decided to choose Liebherr as our service provider for the component support on our new Airbus A321neo fleet”, commented Jason Tsai, Vice President Engineering at China Airlines. “This is a great success for Liebherr-Aerospace in the Asia-Pacific region. We are honored and proud to further extend our partnership with China Airlines and continue supporting their success. China Airlines has been our customer for many years and this selection re-affirms their continuous confidence in the quality and efficiency of our team and services provided,” said Ekkehard Pracht, General Manager Aerospace, at Liebherr Singapore. China Airlines is the largest airline in Taiwan, headquartered in Taoyuan International Airport. It operates short, medium, and long-haul services to international and intercontinental destinations across Asia, Europe, North America, and Oceania. Further subsidiaries of the China Airlines group of airlines include Tigerair Taiwan as well as Mandarin Airlines. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]