Singapore Airlines 2016 Annual Report Download - page 38
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SIA Engineering
Company
SIA Engineering Company remains a strong player
at Changi Airport, maintaining a robust revenue
stream from its line maintenance business.
Operating profit rose 23.5% to $104.1 million. Share of
profits from associated and joint venture companies,
however, declined 13.8% to $93 million. Overall, net
profit for the Group decreased 5.5% to $174.9 million
on revenue of $1,113.5 million, which was 0.6% lower
than the preceding year.
The number of flights handled at Changi Airport
increased by 2.8% to 137,867 during the year in review.
SIA Engineering Company remains a strong player at
Changi Airport, maintaining a robust revenue stream
from its line maintenance business. The company is
focused on growing its line maintenance network, which
currently serves more than 80 airlines worldwide at 35
airports in seven countries. With Changi Airport as a
hub for full-service and low-cost carriers, coupled with
the increasing number of flights operating in Singapore,
SIA Engineering Company pursues improvements
in its services, enhancing engineering reliability and
operating eiciencies of customer airlines.
During the year in review, Roll-Royce appointed SIA
Engineering Company as a Rolls-Royce approved On-
Wing Services provider within its Trent Service Network.
With this appointment, the company will be supporting
an increasing number of Rolls-Royce civil engines fuelled
by the growing fleets of new-generation aircra, such as
the Boeing 787 Dreamliner and Airbus A350 XWB.
In the company’s airframe and component services
business, scheduled maintenance checks are currently
performed at six hangars in Changi, as well as facilities
overseas. Other services available for customers
include airframe structural repair and modification,
cabin refurbishment, VIP aircra modification, aircra
painting, and retrofitting of inflight entertainment
and avionics systems. For component services, SIA
Subsidiaries
Singapore Airlines36
PERFORMANCE