SIA Engineering Company sells entire 60% share in Additive Flight Solutions

SIA Engineering Company (SIAEC), a major provider of aircraft maintenance, repair and overhaul (MRO) facilities in the Asia-Pacific region, has sold its entire 60% shareholding in Additive Flight Solutions (AFS) to STRATASYS (SSYS). AFS’ principle activities include the manufacturing of aircraft cabin interior parts and toolings for the MRO sector using 3D printing technology. Based in Singapore, it is a joint venture between SIAEC (SSYS) and SSYS (40%). With the sale complete, AFS has accordingly ceased to be a subsidy of SIAEC. The consideration of the sale of SIAEC’s stake in AFS is based on net book value, of which