SIA Eng: Formed JV with state-owned Southern Airports Corp (SAC) for 6th overseas line maintenance at Ho Chi Minh's main Tan Son Nhat Int'l Airport. The JV, Southern Airports Maintenance (SAAM) will be 49% owned by co and 51% by SAC. One of SAC's subsi is the dominant grnd handling operator with mkt share of 50%...
This deal should be beneficial to SIA Eng esp since there is national ownership in this JV. SAAM started operating this mth, servicing a strong base load of 9 airlines, SIA and Cathay Pac amongst others.
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