Singapore Airlines 2016 Annual Report Download - page 39

Engineering Company has 21 in-house workshops with
state-of-the-art equipment, providing inspection, repair,
modification and test services for a wide range of aircra
components.
SIA Engineering Company forged a strategic
collaboration with Airbus to develop a joint venture,
which will be established as Airbus’ Centre of Excellence
for the A380 and A350 heavy maintenance in Asia,
subject to regulatory approvals.
At the Singapore Airshow in February 2016, SIA
Engineering Company signed a Memorandum of
Understanding with Moog Incorporated, a leading
manufacturer of flight control components, to establish
a joint venture for the maintenance, repair and overhaul
of Moog’s products on new-generation aircra. The
Singapore-based joint venture will be the Centre of
Excellence in Asia Pacific for Moog’s flight control
components on the 787 and A350 aircra.
The company’s Fleet Management business covers
engineering and maintenance support activities,
including the formulating and up-keeping of aircra
maintenance programmes, maintenance planning,
engineering design, consultation, quality and
reliability programmes, 24/7 maintenance control,
materials support solutions, logistics and supply chain
management. As of 31 March 2016, the fleet size of the
10 airline customers managed under Fleet Management
stands at 156 aircra.
Airlines Served
MORE THAN
80
airlines worldwide
SIA Engineering
Company has
21
in-house workshops
With the changing industry landscape, SIA Engineering
Company has taken initiatives to position itself for
the future. During the year, SIA Engineering Company
incorporated a fleet management joint venture with
Boeing, known as Boeing Asia Pacific Aviation Services
(BAPAS). BAPAS will oer a customised, comprehensive
and integrated suite of engineering, materials
management and fleet support solutions, including
Boeing GoldCare, for Boeing 737, 747, 777 and 787
aircra to customers in Asia Pacific and beyond. The
joint venture will position SIA Engineering Company
strategically to develop the fleet management business
for Boeing aircra types, and the opportunity for
downstream maintenance, repair and overhaul (MRO)
business over the longer term.
Given the expansion of airline networks and operating
fleets in the region, the MRO industry is confident of
growth in the long term. With a strong balance sheet,
SIA Engineering Company is well positioned to meet
the challenges and will continue to pursue strategic
investments and partnerships.
SIA Engineering Company forged a strategic
collaboration with Airbus to develop a joint venture,
which will be established as Airbus’ Centre of Excellence
for the A380 and A350 heavy maintenance in Asia.
Annual Report FY2015/16 37