Singapore: The Singapore Airlines Engineering Company (SIAEC) and GE Aviation have announced plans to form a Singapore-based jet engine overhaul company together.
The joint venture will be 51 per cent owned by GE and 49 per cent by SIAEC, will combine the former company’s design and engineering knowledge with the latter’s experience in maintenance, repair and overhaul (MRO) services.
Jean Lydon-Rodgers, GE Aviation Services president and chief executive, said that the new joint venture will allow GE90 and GE9X operators to have access to MRO capabilities.
The GE90 engine powers the Boeing 777-300ER and 777-200LR, and the GE9X engine is the only one used for the Boeing 777X aircraft which is slated to enter into service in 2020.
Minister for Trade and Industry (Industry) S Iswaran said that with the joint venture, Singapore will become the only place in Asia-Pacific with significant engine overhaul capabilities from the top three original equipment manufacturers in commercial aviation. He added that the country has one of the most advanced MRO clusters in the world, making 10 percent of global MRO output.
The company also announced plans to invest US$32 million in a facility at Seletar Aerospace Park to manufacture high pressure compressor vanes for the GE9X engine.
Expected to open later this year, the 4,700 sq m factory will eventually 100 skilled technicians and employees by 2020.
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