SIA Engineering Broadens Pact with Scoot’s Fleet

SIA Engineering Co (SG:S59) has released an update.

SIA Engineering Company has expanded its service agreement with Scoot to include maintenance for Scoot’s new Embraer E190-E2 fleet, potentially bringing in $52 million in revenue over 58 months starting April 2024. The agreement, which also includes an option to extend for an additional 24 months, is not anticipated to materially affect SIAEC’s financials for the year. SIAEC, a leading MRO service provider in Asia-Pacific, supports a wide network of clients and has regulatory approvals from multiple national aviation authorities.

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