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SIA Engineering to restructure joint venture to improve focus

Published on May 16, 2014 9:33 PM
 
A Singapore Airlines (SIA) Boeing 777-300 is seen parked in the SIA Engineering Company hangar at Changi on Sept 25, 2013.  -- ST PHOTO:  ALPHONSUS CHERN

SINGAPORE - SIA Engineering Co has commenced the restructuring of the businesses of Singapore Jamco, a joint venture between three parties.

The joint venture, which currently operates two core businesses, is 65 per cent owned by SIA Engineering, with Jamco Corporation and Itochu Corporation holding the remaining 30 per cent and 5 per cent, respectively.

Singapore Jamco makes galley equipment and seats, as well as provide services related to the maintenance of cabin and aircraft support equipment.

Under the restructuring, the three partners have incorporated a new company, Singapore Jamco Services, based on their current shareholding interest.

 
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