Singapore Airshow, Feb 16, 2012 - (ACN Newswire) - Mainboard-listed SIA Engineering Company Limited (SIAEC) today announced the signing of an agreement with Messier-BugattiDowty to appoint SIAEC as its Authorised Repair Centre (ARC). SIAEC will provide maintenance, repair and overhaul (MRO) services for Messier-Bugatti-Dowty wheels and brakes.
Messier-Bugatti-Dowty, a division of the SAFRAN Group, is a world-leading original equipment manufacturer (OEM) in aircraft landing and braking systems. The new agreement taps on the synergy and expertise between an OEM and an MRO Company. This will further enhance services to airlines fitted with Messier-BugattiDowty wheels and brakes in the region.
The new Messier-Bugatti-Dowty ARC status further strengthens the close cooperation between SIAEC and the SAFRAN Group. In 2011, SIAEC signed an agreement with Aircelle, a subsidiary of SAFRAN, for the repair, overhaul and service of Aircelle engine nacelles.
SIAEC has partnerships in two joint ventures with units under the SAFRAN Group - the first with Messier Services on landing gear systems, and the second with SAFRAN Electronics Asia on avionics components.
The transaction is not expected to have a material impact on SIAEC's financial performance in FY2011/12. None of the Directors or executive officers of SIAEC has any interest, direct or indirect, in the transaction.
About SIA Engineering Company
SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair, and overhaul (MRO) services in the Asia-Pacific. The Company has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at more 20 airports in 7 countries, as well as airframe and component services on some of the most advanced and widely used commercial aircraft in the world.
Apart from offering a comprehensive spectrum of MRO services to airlines, SIAEC has established itself as one of the world's largest fleet management service providers. 25 ventures with original equipment manufacturers and strategic partners in Singapore, Australia, Hong Kong, Indonesia, Ireland, Philippines, United States, Taiwan and Vietnam increase the depth and breadth of the Company's service offerings. SIAEC has approvals from 25 national aviation regulatory authorities to provide MRO services for aircraft registered in the U.S., Europe and Japan, among others.
For more information, please visit http://www.siaec.com.sg.
Chia Peck Yong
Senior Manager Public Affairs
SIA Engineering Company Limited
Topic: Press release summary
From the Asia Corporate News Network
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