SIA Engrg: forms 49/51% JV with Sagem (SAFRAN Group), to launch a state-of-the-art avionics facility at Changi North Rise, Spore.
The new facility supports the latest aircraft types such as the B787 Dreamliner and the Airbus A350.
With the increasing trend of new aircraft adopting digital technology, the JV is poised to tap the growing avionics MRO market...
Earlier this wk, Goldman pipped SIE as one of the top 10 aviation plays to capitalize on the tripling of Chinese air travelers to some 1b pax by 2020. House has a Buy rating with $5.80 TP.
No comments:
Post a Comment