INDIAN ARMED FORCES CHIEFS ON
OUR RELENTLESS AND FOCUSED PUBLISHING EFFORTS
SP Guide Publications puts forth a well compiled articulation of issues, pursuits and accomplishments of the Indian Army, over the years
I am confident that SP Guide Publications would continue to inform, inspire and influence.
My compliments to SP Guide Publications for informative and credible reportage on contemporary aerospace issues over the past six decades.
SIA Engineering Company Expands Scope of Services for Scoot to include New Embraer E190-E2 Fleet
Additional scope is estimated to generate revenue of $52 million
Mainboard-listed SIA Engineering Company Limited (“SIAEC”) is pleased to announce the expansion of the scope of its Services Agreement with Scoot (“Scoot”) to include the latter's new Embraer E190-E2 fleet.
The expanded scope of services will commence on 1 April 2024, and cover line maintenance and selected fleet management support services. This expanded coverage is for a period of 58 months, with an option to extend coverage for a further 24 months. The additional scope is estimated to generate revenue of $52 million over the 58-month period.
This transaction is not expected to have a material impact on the net tangible assets per share or the earnings per share of the SIAEC Group for the financial year ending 31 March 2024.
Goh Choon Phong, a director of SIAEC, also sits on the board of Singapore Airlines, the parent company of Scoot. Save as disclosed, none of the Directors and controlling shareholders of SIAEC have any interest, direct or indirect, in the transaction, other than through their shareholdings (if any) in SIAEC.
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