{"id":58403,"date":"2024-03-13T14:29:44","date_gmt":"2024-03-13T08:59:44","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=58403"},"modified":"2025-04-13T14:09:58","modified_gmt":"2025-04-13T08:39:58","slug":"singapore-airlines-sia-engineering-to-maintain-scoots-new-e190-e2-fleet","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2024\/03\/13\/singapore-airlines-sia-engineering-to-maintain-scoots-new-e190-e2-fleet\/","title":{"rendered":"Singapore Airlines SIA Engineering to Maintain Scoot’s New E190-E2 Fleet"},"content":{"rendered":"\n

SINGAPORE-<\/strong> SIA Engineering Company Limited<\/a>, listed on the mainboard, is delighted to declare the broadening of the Services Agreement with Scoot. This expansion now incorporates Scoot’s (TR)<\/a> new Embraer <\/a>E190-E2 fleet.<\/p>\n\n\n\n

The extended services will commence on April 1, 2024, encompassing line maintenance and selected fleet management support services. This expanded coverage spans 58 months, with the flexibility to extend it for an additional 24 months.<\/p>\n\n\n\n

\"Singapore
Photo: Embraer<\/figcaption><\/figure>\n\n\n\n

SIA Engineering to Service Scoot E190-E2<\/h2>\n\n\n\n

The anticipated revenue from this additional scope is estimated to be $52 million over the 58-month period.<\/p>\n\n\n\n

The anticipated impact of this transaction is not deemed significant on the net tangible assets per share or the earnings per share of the SIA Engineering Company Limited (SIAEC) Group for the financial year ending on March 31, 2024.<\/p>\n\n\n\n

Mr. Goh Choon Phong, a director of SIAEC, concurrently serves on the board of Singapore Airlines (SQ)<\/a>, the parent company of Scoot.<\/p>\n\n\n\n

Apart from the disclosed connections, none of the Directors and controlling shareholders of SIAEC have any direct or indirect interest in the transaction except through their respective shareholdings (if any) in SIAEC.<\/p>\n\n\n\n

\"On
Photo: SIA Engineering<\/figcaption><\/figure>\n\n\n\n

Deal with Air India<\/h2>\n\n\n\n

On Feb 21, 2024, Tata-owned Air India (AI)<\/a>, the prominent global airline of India, revealed the formalization of an Inventory Technical Management (\u201cITM\u201d) Programme in collaboration with SIA Engineering Company Limited (\u201cSIAEC\u201d).<\/p>\n\n\n\n

In this 12-year agreement, the existing fleet of Airbus A320 family aircraft<\/a> within the Air India Group will benefit from comprehensive component support offered by SIAEC.<\/p>\n\n\n\n

Alongside access to its inventory pool, SIAEC, along with its subsidiaries and joint venture companies with Original Equipment Manufacturers, will extend services encompassing the repair and overhaul of airframe and on-wing engine components.<\/p>\n\n\n\n

Further, it\u2019s worth noting that Air India currently operates an existing fleet of A320 family aircraft and has placed orders for an additional 210 A320 family aircraft as part of the historic order of 470 aircraft placed in 2023.<\/p>\n\n\n\n

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Singapore Airlines New MRO in Malaysia Goes Paperless<\/a><\/blockquote>