Singapore's SIA Engineering Company Limited (SIAEC) announced the expansion of the scope of its Services Agreement with Scoot to include the latter’s new Embraer E190-E2 fleet on Tuesday (Mar. 12). The expanded scope of services will commence on 1 April...
To read the full article, please log in or enter your email below:
Singapore's SIA Engineering Company Limited (SIAEC) announced the expansion of the scope of its Services Agreement with Scoot to include the latter’s new Embraer E190-E2 fleet on Tuesday (Mar. 12).
The expanded scope of services will commence on 1 April 2024 to cover line maintenance and selected fleet management support services. This expanded coverage is for a period of 58 months, with an option to extend coverage for a further 24 months. The additional scope is estimated to generate revenue of $52 million over the 58-month period.
This transaction is not expected to have a material impact on the net tangible assets per share or the earnings per share of the SIAEC Group for the financial year ending 31 March 2024.
Mr Goh Choon Phong, a director of SIAEC, also sits on the board of Singapore Airlines, the parent company of Scoot. Save as disclosed, none of the Directors and controlling shareholders of SIAEC have any interest, direct or indirect, in the transaction, other than through their shareholdings (if any) in SIAEC.
Cebu Pacific, the country's largest budget airline, now operates a 100-strong fleet following the arrival of its latest aircraft, the…
Boeing and Gulf Air has signed an agreement for the purchase of 12 787 Dreamliner jets with options for six…
Lufthansa Technik and Air Canada have extended multiple exclusive agreements for technical aircraft services ahead of schedule. The agreements cover…
The first Belgian aircrew has completed training to operate the MQ-9B SkyGuardian. General Atomics Aeronautical Systems, Inc. (GA-ASI), designer and…
BAE Systems, Rolls-Royce and MBDA UK, together with the UK Ministry of Defence, have revealed the design of the UK’s…
ZeroAvia has been awarded nine new patents this year so far, with many critical to the company's roadmap for scaling…
Batik Air will introduce direct flights between Kuala Lumpur and Palembang starting 12 September 2025, expanding the airline's network in…
The Israeli Ministry of Defense (IMOD) has signed a new contract with Israel Aerospace Industries (IAI) to accelerate the serial…
Terma has signed a contract with the Danish Defence Acquisition and Logistics Organisation (DALO) to supply 32 new coastal surveillance…
CAE has been awarded a contract by the Italian Air Force to supply the MQ-9A Block 5 Predator Mission Trainer…
Lockheed Martin has tested an AI-enabled radar system that aims to improve the automatic detection and classification of maritime targets.…
Airbus Defence and Space and US-based Kratos Defense & Security Solutions have announced a partnership centred on the Kratos XQ-58A…
The Royal Malaysian Navy’s (RMN) Naval Region 2 Headquarters (MAWILLA 2) has taken delivery of four G2000 MkII Fast Interceptor…
The Royal Thai Air Force (RTAF) has taken delivery of four M Solar-X unmanned aerial vehicles (UAVs) from Thai Aviation…
The U.S. Army flexed its muscles in the ongoing Australia's largest-ever military drills on Wednesday by sinking a maritime target…
Washington, Manila's long-time ally, plans to build a facility on the western coast of Palawan, an Island facing the South…
Manila has sent a delegation to Australia for the largest-ever warfighting drills, which officially opened last Sunday. The country's delegation,…
Global shipbuilder Austal USA has delivered the future USS Pierre (LCS 38) to the U.S. Navy, marking the second ship…
Lockheed Martin has successfully delivered the first Aegis System Equipped Vessel (ASEV) shipset comprised of four AN/SPY-7(V)1 radar antennas to…
Terma has partnered with Sperry Marine, manufacturer and service provider of marine navigation systems, to deliver the SCANTER 4603 and…
IMCO Group has secured an order from a global leader in drive (engines & transmissions) solutions to the world armored…
ZeroAvia and Horizon Aircraft plan to work together on developing regional hydrogen-electric VTOL air travel. The companies will cooperate on…
Senior navy officials from Japan, the United States, and Australia have signed a logistics cooperation deal to boost maritime collaboration…
Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) has announced the purchase of Sustainable Aviation Fuel (SAF) to…
Rheinmetall has delivered a fourth mobile rescue station to the Armed Forces of Ukraine. The Düsseldorf-based company also conducted training…
Malaysia Airlines has been named the Official Airline Partner for the Travel Madness Expo (TME) 2025, one of the Philippines’…
The French Directorate General of Armaments (DGA) has awarded Airbus Defence and Space, alongside co-contractor Neverhack, an eight-year framework contract…
Asia Pacific carriers posted a combined net profit of US$7.3 billion in 2024, according to preliminary financial results released by…
Australia has pledged to provide the Philippine Coast Guard with additional state-of-the-art drones to strengthen maritime domain awareness and support…
Metis has secured a contract to supply its Skyperion radio frequency (RF) drone detection systems to a NATO customer as…
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.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2025 GBP all rights reserved.