Maintenance Repair & Overhaul Space Air Cargo

Home- Stories

Eaton, SIAEC Form Eaton Aerospace Component Services Asia

Our Bureau - : Jun 7, 2024 - : 10:06 pm

SIA Engineering Company Limited (SIAEC) and Eaton have established a joint venture (JV) firm, Eaton Aerospace Component Services Asia Sdn Bhd, based in Malaysia. The equity distribution of the JV sees the Singaporean company holding a 49% stake, while Eaton controls the majority 51%. The JV’s initial share capital stands at MYR 470 (equivalent to USD 100), with plans to raise it to around MYR 75 million (equivalent to USD 16 million).

This JV formation follows the definitive agreement signed by both companies on 11 July 2023. The agreement outlines the JV’s role in the maintenance, repair, and overhaul of Eaton-manufactured aircraft components used in airframe and engine fuel systems, as well as hydraulic systems. By combining the expertise and experience of both companies, the Malaysia-based JV aims to cater to customers in the Asia Pacific region.

The addition of this JV expands SIAEC’s impressive portfolio, which now includes 24 subsidiaries and joint ventures with top original equipment manufacturers and other strategic partners, spread across eight countries.

The SIAEC Group does not anticipate the JV’s incorporation to significantly affect its net tangible assets per share or earnings per share for the financial year ending 31 March 2025. It’s worth noting that none of the Directors and controlling shareholders of SIAEC have any direct or indirect interest in the JV’s incorporation, apart from their potential shareholdings in SIAEC.


Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.

Popular Posts

Copyright 2024. GBP. All Rights Reserved.

Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us