Aviation giant expands reach into Asia
21st June 2017
An international aviation engine and services provider with a site in Gloucestershire has announced plans to develop a new state-of-the-art facility in Singapore.
GE Aviation, which has a centre in Bishop's Cleeve, and SIA Engineering have agreed to establish a new engine overhaul joint venture based in the city state.
The joint venture will provide a full range of engine maintenance, repair and overhaul (MRO) services for the GE90 and GE9X engines.
The GE90 engine exclusively powers the Boeing 777-300ER and 777-200LR, and the GE9X engine is the sole engine selection for the Boeing 777X aircraft.
The formation of the joint venture, where GE will have a 51 per cent equity stake and SIAEC holding the remaining 49 per cent, is subject to finalisation of the definitive agreements and receipt of required regulatory approvals.
This partnership, which is expected to have benefits to and beyond the SIA Group, is made possible by Singapore Airlines' announcement in February 2017 of a letter of intent for 39 Boeing widebody aircraft valued at $13.8 billion, which includes 20 777-9s powered by GE9X engines. SIA is also a major operator of GE90-powered 777-300ERs.
The joint venture will establish a state-of-the-art facility, adopting GE's "Brilliant Factory" concepts, combining advanced technologies and lean practices with digitization and data analytics to enhance productivity.
Based in Singapore to handle SIA Group as well as third party MRO work, the joint venture will also present opportunities for Singapore, in terms of job creation, training and additional service offerings at the Singapore hub.
David Joyce, president and CEO of GE Aviation, said: "SIAEC is known for high-quality engine services and support, and this partnership is a natural fit for GE Aviation and SIAEC.
"The new Singapore MRO joint venture will ensure GE90 and GE9X operators have access to the best service and support for their engines and will further strengthen GE Aviation's presence in Singapore."
Picture: The Merlion statue in Merlion Park, with the skyscrapers behind, in Singapore
Picture credit: Wikimedia, used under Creative Commons CC0 1.0 Universal Public Domain Dedication licence
Related Articles
Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.