SIA Engineering Company (SIAEC) has inked a S$120.8 million agreement with Scoot to provide the carrier with MRO and fleet management support services.
The agreement will commence on Apr 1. It has a term of two years, with the option for an extension of one additional year, SIAEC said. If extended, the agreement is expected to yield a labour revenue of S$120.8 million over the three-year term.
On Wednesday, SIAEC announced a fresh services agreement with national carrier Singapore Airlines. The deal supersedes an earlier agreement that the two parties entered into in April 2019.
Like the Scoot agreement, SIAEC’s agreement with SIA will start on Apr 1 with a term of two years and an option to extend for a further one-year period. Over the three-year period, it is expected to yield labour revenue of S$1.14 billion.
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