SINGAPORE, June 21, 2017 - Mainboard-listed SIA Engineering Company Limited (“SIAEC”) today announced the signing of a Memorandum of Agreement (“MOA”) with The Boeing Company (“Boeing”) to collaborate on the provision of aircraft maintenance training services on current and new generation aircraft types, including the Next-Generation 737, 777 and 787.
Under the MOA -, the parties will jointly evaluate a collaboration for SIAEC to provide aircraft maintenance training services on behalf of Boeing to airlines located in and around the high growth Southeast Asian region. This collaboration builds on both parties’ training networks, resources and extensive experience in delivering high standards of maintenance training on the latest aircraft types.
The transaction is not expected to have a material impact on the financial performance of SIAEC in FY2017/18. None of the Directors of SIAEC has any interest, direct or indirect, in the transaction.