Asia/Pacific

SIA Engineering inks $1bn services agreement with Singapore Airlines and Scoot

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SIA Engineering inks $1bn services agreement with Singapore Airlines and Scoot

SIA Engineering Company has signed a comprehensive services agreement with Singapore Airlines and its low-cost subsidiary, Scoot. The agreement supersedes the previous services agreement entered into the airlines in April 2023. 

The new agreements are effective from April 1, 2025 for a two year term, with an option to extend for a further period of one year. Collectively, and over the two year term, the agreements are expected to yield a total labour revenue of S$1.3bn ($1bn). 

The agreements cover a broad spectrum of maintenance, repair and overhaul (MRO) and fleet management support services.