SIAEC to exit PW1500G engine risk-revenue sharing programme
SIA Engineering Company (SIAEC) has entered into an agreement with Pratt and Whitney (P&W) to exit from the PW1500G engine risk-revenue sharing programme (RRSP) that was held through its wholly-owned subsidiary, NexGen Network (2) Holding (NGN2). This programme was previously known as the CSeries aircraft engine programme. NGN2 invested in the RRSP in 2010 and