SIA Engineering Renews US$1.6 Billion Contract
By Harry Suhartono, Reuters | Mar. 15, 2010
SIA Engineering said on Mar. 15 that it has renewed an aircraft maintenance, repair and overhaul agreement with Singapore Airlines, worth S$2.2 billion (US$1.58 billion) over five years from April 2010.
Since it is a renewal of a contract, the company said the agreement is not expected to have a material impact on SIA Engineering's financial performance for the 2010/2011 financial year.