SIA Engineering Company Limited

SIA Engineering Company Limited Overview

Company Headquarters: Singapore

Founded: 1992

Workforce: ~3,060

Company Working: SIA Engineering Company Limited, a subsidiary of Singapore Airlines, operates through two business segments, namely, airframe and line maintenance segment and engine and component segment. Through the airframe and line maintenance segment, SIA Engineering Company Limited offers fleet management services, line maintenance, and airframe maintenance services. Under the engine and component segment, the company offers engine MRO services and component repair services. SIA Engineering Company Limited has its subsidiaries located in the US, Japan, Hong Kong, the Philippines, Indonesia, and Singapore.

Strategy

SIA Engineering Company Limited aims to develop new technologies by investing in R&D. The firm primarily offers its solutions in developing countries such as Singapore and Hong Kong. It focuses on strengthening its position in the global aviation engine MRO market over the next few years by gaining more commercial contracts and collaborating with prominent aviation companies.

Company Snapshot

$835M

Revenue

3,060

Employees

1992

Founded

Singapore

Headquarters

SWOT Analysis

Strengths

Significant industry experience
Established presence in Asia-Pacific

Weaknesses

Declining financial revenue
Limited presence in North America

Opportunities

Development of innovative products and services

Threats

Slow certification process

Key Developments

Date	Approach	Development
January 2020	Joint Venture	SIA Engineering Company Limited and GE Aviation collaborated to form a new engine overhaul joint venture named, GE Aviation, Overhaul Services. The company will provide engine MRO services for the GE90 and GE9X engines. The formation of the joint venture will enable the companies to strengthen their position in the global aviation engine MRO services.
December 2019	Agreement	SIA Engineering Company Limited signed an agreement with Safran Aircraft Engines to provide maintenance services for the latter’s CFM LEAP-1A and LEAP-1B engines.

Product Offering

SIA Engineering Company Limited
- Aviation Engine MRO

Financial Performance

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