SIAEC, Safran form JV for CFM engine MRO in Singapore

SGX Mainboard-listed SIA Engineering Company (SIAEC) and Safran Aircraft Engines have signed a joint venture agreement to establish a full-fledged CFM LEAP engine shop in Singapore. The JV will provide Maintenance, Repair and Overhaul (MRO) services for the LEAP-1A and LEAP-1B. SIAEC currently performs LEAP engine Quick Turn (QT) maintenance for Safran Aircraft Engines at its Aircraft Engine Services facility in Changi North. The QT operations will be integrated into the JV company, forming the foundation for a future state-of-the-art engine MRO facility in Singapore. This new facility will expand the engine shop visit capacity as well as give rise to a broader and deeper scope of service for LEAP-1A and LEAP-1B engines as the global LEAP fleet continues to grow. Wong Yue Jeen, Chief Commercial Officer of SIAEC, said: “Building on our LEAP engine maintenance services agreement with Safran Aircraft Engines in 2019, the new LEAP MRO JV combines Safran Aircraft Engines’ OEM expertise and SIAEC’s MRO excellence, strengthening the LEAP maintenance network and enhancing SIAEC’s next-generation engine capability to meet global LEAP engine maintenance demand.” “The creation of this joint company with SIA Engineering Company marks a significant step forward in strengthening our global MRO ecosystem to meet the accelerating demand for LEAP engine maintenance in Asia-Pacific,” said Nicolas Potier, Executive Vice President Support & Services of Safran Aircraft Engines. “This new MRO facility brings together the expertise of both companies to provide world-class performance and reliable support, helping our airline customers optimise their operations.” For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Sally Passey at [email protected]