SIA Engineering Co (SG:S59) has released an update.
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SIA Engineering Company (SIAEC) has been chosen by Air India to be its strategic partner in developing new base maintenance facilities in Bangalore, with a completion target of 2026. The collaboration focuses on constructing hangars and repair shops for Air India’s aircraft, aiming to enhance the airline’s maintenance self-reliance and contribute to India’s aviation infrastructure growth. This partnership is not anticipated to significantly impact SIAEC’s financials for the fiscal year ending March 2025.
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