SIA Engineering signs services agreement with SilkAir for Boeing 737 MAX aircraft

SIA Engineering Company has announced the signing of a comprehensive Services Agreement with SilkAir (Singapore) for its latest fleet of Boeing 737 MAX aircraft.

The Company currently has existing Services Agreements with SilkAir for its Airbus A320 and Boeing 737-800 aircraft. The new agreement for the 37 Boeing 737 MAX aircraft is for a term of 12 years, with an option to renew for a further period of 5 years. The Company’s support of SilkAir’s fleet covers a wide range of maintenance, repair and overhaul, and support services.

The total revenue of this agreement is approximately SG$484m over the 12-year term.

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