SIA Engineering Company (SIAEC)

SIAEC signs framework agreement with Xiamen Iport Group to invest in Arport Aircraft Maintenance and Engineering in Fuji - THE EDGE SINGAPORE

Aviation & Engineering

SIAEC signs framework agreement with Xiamen Iport Group to invest in Arport Aircraft Maintenance and Engineering

The two parties had previously signed a MOU on Sept 4, 2023 to explore MRO opportunities in Fujian, China.

Results

SIA Engineering Co posts 1HFY2025 net profit of $68.8 mil, 16% higher y-o-y

Group revenue for 1HFY2025 rose by 12.1% y-o-y to $576.2 million.

Results

SIA Engineering Co reported 1QFY2025 net profit of $33.2 mil, 23% higher y-o-y

As at June 30, equity attributable to owners of the parent was $1.72 billion, 2.1% higher q-o-q.

Aviation & Engineering

Slow first quarter for Singapore air transport sector: PhillipCapital

PhillipCapital keeps “underweight” rating on Singapore’s air transport sector amid slower quarter.
 DBS Group Research keeps ‘buy’ call on SIAEC with normalisation of APAC air traffi - THE EDGE SINGAPORE

Broker's Calls

DBS keeps ‘buy’ call on SIAEC with normalisation of APAC air traffic

DBS Group Research keeps 'buy' call and target price unchanged on SIAEC as APAC air traffic resumes.

Contracts

SIA Engineering Company expands Scoot services agreement to new Embraer E190-E2 fleet

The additional scope is estimated to generate a revenue of $52 million.
SIAEC secures 12-year component programme with Air India  - THE EDGE SINGAPORE

Aviation & Engineering

SIAEC secures 12-year component programme with Air India

SIAEC will provide extensive component support coverage for Air India’s current fleet of Airbus A320 family aircraft.

Broker's Calls

Analysts overall optimistic on SIAEC, but wary of challenges

In spite of the continued global recovery of flight activities, SIAEC continues to face its share of challenges, observe analysts.

Company in the news

SIA Engineering divests entire 60% shareholding in joint venture for US$90,000

Additive Flight Solutions has ceased to be a subsidiary of SIAEC as of Feb 8.
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