The new facility, at Seletar Aerospace Road 1, will offer scheduled and unscheduled maintenance, modifications, avionics installations, and 24/7 aircraft-on-ground support. The facility will also support aircraft recompletion activities, including paint and interior finishing.
Jonathan Koh of UOB Kay Hian has reiterated his bullish call on UI Boustead REIT for a second time in three weeks, on the premise that the REIT is gaining a distinct edge with its strong presence in the high value, growing aerospace industry.
Just last week, Bombardier announced it is spending $100 million to double its presence here in Singapore. The Canadian company's presence at the Seletar Aerospace Park, or SAP, already includes aircraft hangars and a component repair & overhaul workshop.
