SIA Engineering Company (SIAEC) and Honeywell, on May 11, announced that they have entered into a memorandum of agreement (MOA) for the licensing of repair capability for parts on Boeing 737 and 787 aircraft.
The MOA covers the licensing agreement for the repair and overhaul of the 737 and 787 air data inertial reference unit (ADIRU). It will also cover a parts supply agreement for ADIRU piece parts to support the repair.
The licensing agreement will be for a period of 10 years and will enable SIAEC to perform licensed ADIRU repair for global customers.
“This is an important repair capability development to add to the recently announced new Component Services Division at SIAEC,” says Ng Chin Hwee, CEO of SIAEC. “Customers, especially those located in the Asia Pacific region, will benefit from the new 737 and 787 ADIRU repair capability amongst our range of component repair services and maintenance solutions.”
Andrew Wong, vice president, airlines, Asia-Pacific, at Honeywell Aerospace says, “As demands on aircraft fleets continue to grow, we are committed to providing the best support for our customers across the world.”
“With Honeywell’s decades of experience and capabilities in the OEM space, this strategic partnership with SIAEC further reinforces the trust that our partners have in us and our dedication in offering world-class services to our customers,” he adds.
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Shares in SIAEC closed flat at $2.51 on May 11.
