Noida, July 3 (APAC Media): Air India on Friday said it has signed a memorandum of understanding (MoU) with Singapore-based SIA Engineering Company Ltd (SIAEC) to explore a partnership in the maintenance, repair and overhaul (MRO) business, including the potential setting up of a joint venture in India, as part of efforts to strengthen the country’s aviation maintenance ecosystem.
The MoU was signed in Mumbai by Air India Chief Executive Officer and Managing Director Campbell Wilson and SIAEC Chief Executive Officer Chin Yau Seng.
“India’s rapid aviation growth is driving the need for a stronger, more self-reliant MRO ecosystem within the country. As fleet sizes expand and operations scale up, developing local maintenance capacity will be important to support efficiency, resilience and long-term growth. Partnerships such as this can play a constructive role in enabling that broader direction and developing India as a global aviation hub,” said Campbell Wilson, CEO, Air India.
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Under the agreement, the two companies will explore opportunities to leverage SIAEC’s MRO and technical expertise to strengthen Air India’s maintenance capabilities and jointly develop a world-class MRO ecosystem in India.
“India is one of the world’s fastest-growing aviation markets, and the continued development of its MRO capabilities will be an important step in strengthening its position within the global aerospace ecosystem. Through this MOU, we look forward to exploring how SIAEC’s technical expertise can support the progressive build-up of capabilities and capacity in India, alongside our ongoing partnership with Air India,” said Chin Yau Seng, CEO of SIAEC.
The collaboration will also examine the possibility of establishing an MRO joint venture in India to cater to the growing maintenance requirements of the Indian and regional aviation markets.
The latest agreement builds on the existing partnership between the two companies.
In February 2024, Air India signed a 12-year Inventory Technical Management (ITM) agreement with SIAEC for component support covering its Airbus A320 family fleet.
In May 2024, SIAEC was appointed as Air India’s strategic base maintenance partner for the development of the airline’s base maintenance facilities in Bengaluru.
Air India said the proposed collaboration aligns with its efforts to expand maintenance capabilities alongside its fleet and network growth while supporting the country’s ambition of becoming a global aviation MRO hub.
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