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SIA Engineering extends Hawaiian Airlines A330 MRO support
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By Alfred Chua2021-07-26T02:42:00+01:00
SIA Engineering narrowed its quarterly operating loss on the back of higher revenue and continued governmental support, though it warns that the “trajectory for a sustained recovery” remains unclear.
The Singapore Airlines MRO unit adds that while it has seen an increase in flight volume from Singapore-based carriers, “any meaningful increase in flight frequencies is not expected to materialise in the short term”.
Source: SIA Engineering
For the three months ended 30 June, SIAEC was S$2.9 million ($2.1 million) in the red, compared to the S$8.6 million operating loss it reported in the previous financial year.
By Alfred Chua2021-05-05T01:57:00+01:00
SIA Engineering fell into the red for its full-year financial results, saying that the aerospace industry’s path to recovery is “still fraught with risks”, including the emergence of new coronavirus strains and a resurgence in virus cases.
The MRO unit of flag carrier Singapore Airlines reported an operating loss of S$25 million ($18.7 million) for the year ended 31 March, on the back of a collapse in maintenance activities.
Source: SIA Engineering
SIAEC was S$25 million in the red for the full year.
SIAEC discloses that its line maintenance unit in Singapore handled just 18.5% of the flights it did in the previous financial year. Singapore’s borders remain largely shut to international travel, and the city-state has no domestic air travel market.
Sia Engineering: Ein unsicheres Investment? ()
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The maintenance, repair and overhaul sector has been battered as the travel industry came to a halt because of the COVID-19 pandemic. SIA .
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