Page 21 - AAA JANUARY-FEBRUARY 2012 Online Magazine

MRO

nent contracts, which include Main- - Singapore Airline’s engineering arm maintenance check on the A380. With
tenance-By-the-Hour, avionics and SIAEC. In November last year, SIAEC three decades of Airbus experience be-
mechanical component maintenance, signed a tailored support package (TSP) hind us, we are confident of delivering
aerostructures and landing gear repair contract with Airbus to maintain SIA’s top quality maintenance services and
and overhaul. additional fleet of fifteen A330-300 air- engineering support for SIA’s entire
The Engine Total Support business craft being acquired from Airbus. fleet of A330-300.”
group clinched new engine mainte- SIAEC is a member of the Airbus SIAEC Group recorded a profit at-
nance contracts, which will be carried Maintenance, Repair & Overhaul tributable to owners of the parent of
out at ST Aerospace’s Singapore engine (MRO) Network established in 2005 S$139.3 million for the first half to the
facility on a time-and-material basis. with the goal of guaranteeing service end of September last year, an increase
Work scope covers on-wing mainte-
nance, off-wing maintenance, technical
management and asset management
on various engines types, including
CFM56, Pratt & Whitney JT8D, F100,
F110, Rolls-Royce Allison T56, General
Electric J85, F404, Honeywell T53, T55,
and Turbomeca Makila.
Between July and September 2011,
ST Aerospace redelivered 113 aircraft
to various customers, for airframe re-
lated maintenance and modification
work. Specifically on PTF conversions,
it redelivered a total of four converted
freighters in 3Q2011. Additionally, it
completed a European Aviation Safety
Agency-approved Supplemental Type
Certificate project for cabin reconfigu-
ration of Ural Airlines’ Airbus A320.
Besides airframe redeliveries, ST
Aerospace serviced 70 engines and
13,775 components for both commer-
cial and military customers during the quality from specially appointed MRO of S$2.0 million or 1.5% compared to
third quarter of 2011. service providers. the corresponding period last year.
In another development, its com- Under the contract, SIAEC is pro- This included a write-back of tax pro-
mercial pilot training arm successfully viding a wide range of MRO services, vision of S$3.1 million1. Share of profits
completed Singapore’s first Multi-crew including transit and light mainte- from associated and joint venture com-
Pilot Licence (MPL) programme for nance checks, defect rectification, cab- panies increased by S$0.7 million or
Tiger Airways. The programme’s six in maintenance, fleet management and 0.9% to S$77.7 million, and accounted
cadet pilots are now under the employ- heavy maintenance checks at it’s facili- for 50.1% of the Group’s pre-tax profits.
ment of Tiger Airways and have re- ties in Singapore. Operating profit decreased margin-
ceived their MPL from the Civil Avia- SIA will receive delivery of the ally by S$1.9 million or 2.7% to S$68.7
tion Authority of Singapore. A330-300 from 2013. William Tan, chief million as the impact of a weaker US
On capability development, ST Aero- executive officer of SIAEC, said: “We dollar was mitigated by exchange gains
space’s affiliate Vision Technologies are delighted that Airbus has awarded of S$8.6 million from hedging and the
Aerospace Incorporated entered into us for the third time in three years an- revaluation of net US dollar denomi-
an agreement to acquire 100% of the other long-term contract. Since 1981 nated assets.
shares of DRB Aviation Consultants to when we started maintenance of the Revenue declined by S$15.4 million
enhance its aircraft interior engineer- A300, SIAEC has developed a deep or 2.7% primarily from lower revenue
ing design capabilities, while ST Aero- bench of expertise on a wide range of from materials. As a consequence, ma-
space secured a cabin reconfiguration Airbus aircraft. SIAEC was the first in terial costs were similarly lower, con-
project for Jet Airways’ Airbus A330. the world to maintain the technologi- tributing to the S$13.5 million or 2.7%
Singapore also has another MRO cally advanced A380; recently, it com- reduction in expenditure. Basic earn-
operator in the global top ten ranking pleted the world’s first 48-month heavy ings per share was 0.6% higher at 12.73

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www.AsianAirlines-Airports.com January/February 2012 ASIAN AIRLINES & AIRPORTS