SIA Engineering (SIAEC) has signed a comprehensive Services Agreement with Singapore Airlines (SIA), which will supersede the previous Services Agreement entered into with SIA in April 2015. The new agreement, commencing 1 April 2019, is for a term of two years, with an option to renew for a further period of two years. SIAEC’s support of the SIA’s fleet covers a broad spectrum of maintenance, repair and overhaul (MRO) and fleet management support services. The agreement (if renewed) is expected to yield a labour revenue of $1.3-1.4 billion over the four-year term. The transaction is not expected to have a

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