SIA Engineering Company expands Scoot services agreement to new Embraer E190-E2 fleet

The additional scope is estimated to generate a revenue of $52 million.

SIA Engineering Company (SIAEC) S59 has announced the expansion of the scope of its services agreement with Scoot to include the airline’s new Embraer E190-E2 fleet, with the additional scope estimated to generate a revenue of $52 million.

The expanded scope of services will commence on April 1 for a period of 58 months with an option to extend coverage for a further 24 months, and cover line maintenance and selected fleet management support services.

The transaction is not expected to have a material impact on the net tangible assets per share or the earnings per share of SIAEC for the FY2024 ending March 31.

Shares in SIAEC closed 1 cent higher or 0.44% up at $2.28 on March 12.

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