SIA Engineering Secures $1.3 Billion Services Agreements with Singapore Airlines and Scoot

An update from SIA Engineering Co ( (SG:S59) ) is now available.

SIA Engineering Company has signed new Comprehensive Services Agreements with Singapore Airlines and its low-cost subsidiary, Scoot, which replace previous agreements from April 2023. Effective from April 1, 2025, these agreements are set for a two-year term with an option to extend for one more year, and they are expected to generate $1.3 billion in labor revenue. This development is significant for SIAEC’s business as it strengthens its position in the MRO industry and reinforces its strategic partnership with major airlines, potentially impacting stakeholders positively.

The most recent analyst rating on (SG:S59) stock is a Buy with a S$2.80 price target. To see the full list of analyst forecasts on SIA Engineering Co stock, see the SG:S59 Stock Forecast page.

More about SIA Engineering Co

SIA Engineering Company (SIAEC) is a prominent provider of aircraft maintenance, repair, and overhaul (MRO) services in the Asia-Pacific region. The company serves over 80 international carriers and aerospace equipment manufacturers, offering line maintenance services at more than 30 airports across 9 countries. SIAEC also provides comprehensive airframe, engine, and component services for advanced commercial aircraft. With 25 subsidiaries and joint ventures in various countries, SIAEC enhances its service offerings and holds approvals from 28 national aviation regulatory authorities.

Average Trading Volume: 640,960

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$2.73B

For detailed information about S59 stock, go to TipRanks’ Stock Analysis page.