Feedback sought on SIA Engineering-Boeing joint venture proposal

A Singapore Airlines (SIA) Boeing 777-300 is seen parked in the SIA Engineering Company hangar at Changi on Sept, 25 2013. The Competition Commission of Singapore (CCS) is seeking feedback on the proposed joint venture between the Boeing Company
A Singapore Airlines (SIA) Boeing 777-300 is seen parked in the SIA Engineering Company hangar at Changi on Sept, 25 2013. The Competition Commission of Singapore (CCS) is seeking feedback on the proposed joint venture between the Boeing Company and SIA Engineering Company in Singapore. -- PHOTO: ST FILE

SINGAPORE - The Competition Commission of Singapore (CCS) is seeking feedback on the proposed joint venture between the Boeing Company and SIA Engineering Company in Singapore.

The two companies first announced in July this year their plan to form a joint venture to offer comprehensive fleet care services.

It will target Boeing-made aircraft operated by Singapore Airlines and other third party customers in Southeast Asia. The entity will be 51-per cent owned by the United States aviation giant.

When approved, the joint venture will combine SIA Engineering's maintenance expertise with Boeing's experience in aircraft manufacturing, in a bid to tap demand from a growing number of regional carriers.

Commenting on the proposed joint venture in July, Second Minister for Trade and Industry Mr S. Iswaran said it would provide a strong boost to Singapore's aerospace ecosystem.

The public can view the consultation documents on the CCS website and submit their views and feedback by Dec 31.