SIA Engineering Company (SIAEC) has signed an agreement with Hawaiian Airlines to expand airframe maintenance services for its Airbus A330-200 fleet.
According to an announcement filed to the Singapore Exchange (SGX) on Sept 24, SIAEC currently has existing airframe maintenance services agreements with Hawaiian Airlines for its A330 aircraft, covering heavy checks and paintings. Under the new agreement, SIAEC will be performing 12-year checks commencing in March 2022.
The maintenance services will be undertaken by SIAEC at its facility in Singapore.
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Hawaiian Airlines is Hawaii's biggest and longest-serving airline. It currently offers approximately 130 flights within the Hawaiian Islands, and services between Hawaii and 16 US gateway cities as well as Tahiti, American Samoa, Japan and South Korea.
Ng Chin Hwee, CEO of SIAEC, says the company is delighted to extend additional maintenance services to Hawaiian Airlines.
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“The extension is a testament to the successful relationship between the two companies and demonstrates Hawaiian Airlines’ vote of confidence for our airframe maintenance services. With our strong technical expertise and vast maintenance experience, we are well positioned to provide quality services and engineering support for the airline’s A330 fleet,” he says.
SIAEC says the transaction is not expected to have a material impact on the earnings per share or the net tangible assets per share of SIAEC for the financial year ending Mar 31, 2022.
Shares in SIAEC closed 4 cents or 1.9% higher at $2.14 on Sept 23.
