Friday, December 10, 2010
SIA Eng: Renewed service agreement with Silkair due for expiry in 2010. The new contract covers maintenance, repair, overhaul and fleet mgmt services for another 5 yrs and will add $300m in labour rev to co's order book. Co currently serving 11 airlines with fleet coverage of >200 aircraft with 130 in service and 70 more to be delivered. For full yr FY10, co achieved rev of approx $1b.