SINGAPORE - Mainboard-listed SIA Engineering (SIAEC) has been appointed an on-site support service provider by Snecma.
SIAEC will provide onwing maintenance services to operators of the CFM LEAP-1A and LEAP-1B engines in Asia-Pacific region.
The LEAP-1A is one of two engine options for the Airbus A320neo family, while the LEAP-1B is the exclusive powerplant for the Boeing 737 MAX. The LEAP engines are produced and marketed by CFM International, a 50/50 joint company between
Snecma in France and GE in the United States.
Said SIAEC's chief executive officer Png Kim Chiang: "This appointment adds to the growing capabilities of SIAEC on next-generation aircraft."
The transaction is not expected to have a material impact on SIAEC's financial performance in financial years 2016 nd 2017.