“Besides access to its inventory pool, SIAEC (together with its subsidiaries and joint venture companies with Original Equipment Manufacturers) will also provide repair and overhaul services for airframe and on-wing engine component,” the airline said in a release on Wednesday.Kolkata Wealth Management
Air India has inked an agreement with SIAEC for Inventory Technical Management (ITM).
Currently, Air India has around 60 planes from the A320 family, including 320s and 321s, in its total fleet of 123 aircraft.Varanasi Wealth Management
It has also placed an order for 210 A320 family aircraft.
Air India Chief Executive Officer & Managing Director Campbell Wilson said the collaboration will further bolster our repairs and maintenance competencies for the Airbus A320 family of aircraft and enhance reliability and availability of components for aircraft operations.
SIAEC Chief Executive Officer Chin Yau Seng said, “We are honoured to be selected as Air India Group’s preferred MRO partner for the component requirements and appreciative of their confidence in our Inventory Technical Management programme”.Kanpur Stock
“Together with our network of joint venture companies and component shops located across the Asia Pacific region, we are confident to deliver a high quality and reliable service to Air India Group,” he added.
SIAEC is part of the Singapore Airlines Group.
The proposed merger of Vistara with Group-owned Air India under a deal, wherein Singapore Airlines will acquire a 25.1 per cent stake in Air India that was announced in November 2022, is in progress.Jaipur Investment
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