Wednesday, May 03, 2006

SIA Engg calls off JV talks with Indian

Mumbai: The Singapore-based aircraft maintenance company SIA Engineering Company has terminated its talks for a joint venture with state carrier Indian.
The two companies had signed a detailed MoU in ‘03 to set up a new company to cater to the maintenance repair and overhaul (MRO) business in India, but the plans have come to a naught. “SIA Engineering has concluded its discussion with Indian and is now looking at other partners for the venture,” says Daniel Wong, the company’s business development manager. The rash of airline startups in India is currently being followed by a rush for putting up aviation infrastructure such as MROs.
SIA Engineering currently provides maintenance solutions to more than 80 international airlines from the US, Europe, West Asia and the Asia-Pacific region. It is talking to various possible investors, including the Wadia group airline Go Air, Mr Wong said.
03/05/06 Cuckoo Paul/Economic Times
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