SIA Engineering Company (SIAEC) has entered into a joint venture agreement with NokScoot Airlines, to form a line maintenance joint venture based in Thailand. Under the agreement, NokScoot will hold an equity stake of 51% in the joint venture, with SIAEC taking the remaining 49% stake. The agreement is subject to the receipt of regulatory approvals. The joint venture will have an initial registration capital of THB63,680,000, or approximately S$2,740,000. NokScoot will subscribe for THB32,476,800, or approximately S$1,397,000, in cash and SIAEC will subscribe for THB31,203,200, or approximately S$1,343,000, in cash in the joint venture. The joint venture will commence

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In