SIAEC signs lease agreement for hangar facilities in Malaysia

SIA Engineering Company (SIAEC) has signed a lease agreement for hangar facilities in Subang, Malaysia with Impeccable Vintage Properties (IVP). The agreement focuses on the lease of two hangar facilities at Sultan Abdul Aziz Shah Airport in Selangor, Malaysia. The hangars have been signed on a 15-year lease with an option to renew for an additional 15 years. This follows SIAEC’s initially highlighting an unbinding memorandum of understanding with IVP for the potential lease of the hangars in April, 2022. The Subang hangars, with a combined capacity to simultaneously accommodate six aircraft checks, represent a key addition to SIAEC’s capabilities