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SIA Engineering Company (SIA EC)
Aviation & Engineering
SIA Engineering senior management to take further salary cuts
The latest pay cut is in addition to the previous pay cuts and on top of cost management measures implemented in previous months.
August 13, 2020
Broker's Calls
'Hold' SIA Engineering as things pick up, say analysts
SIA Engineering Company’s (SIA EC) results that came in last Friday (July 17) were “downbeat” as expected, but analysts believe the worst is over for the company.
July 20, 2020
Results
SIA Engineering reports 74.3% drop in net profit to $10.7 mil in 1Q20 business update
The steep decline was attributable to historically low flight frequencies due to the Covid-19 pandemic, said the group in a Friday filing.
July 17, 2020
Deals, joint ventures & alliances
SIA Engineering to establish line maintenance JV in Thailand with NokScoot
SINGAPORE (April 1): SIA Engineering Company (SIA EC) is establishing a $2.74 million line maintenance joint venture (JV) company in Thailand with low-cost carrier (LCC) airline, NokScoot Airlines.
April 01, 2019
Deals, joint ventures & alliances
SIA Engineering divests 20% stake in Jamco joint venture for $4 mil
SINGAPORE (Jan 30): SIA Engineering Company (SIA EC) has sold its entire 20% stake in Jamco Singapore, to the latter’s majority owner Jamco Corporation for $3.97 million in cash, representing a 43% premium to net value.
January 30, 2019
Aviation & Engineering
SIA Engineering inks IFEC maintenance agreement with Thales for SIA fleet support
SINGAPORE (Apr 11): SIA Engineering Company (SIA EC) has signed an in-flight entertainment and connectivity (IFEC) maintenance agreement with Thales, the multinational tech company that designs and builds electrical systems as well as provides services fo
April 11, 2018
Broker's Calls
SIA Engineering still lacking near-term catalysts, say analysts
SINGAPORE (Nov 7): Maybank Kim Eng and CIMB Research are maintaining their “hold” and “reduce” calls on SIA Engineering (SIA EC) at lower target prices of $3.50 from $3.70 respectively.
November 07, 2017