SIA Engineering Company

[Musicwhiz]

Note: This is SIAEC's 25th Joint Venture. Over time, SIAEC will grow their share of profits from JV and Assoc and the cash flows will also increase under "Investing Activities" in the cash flow statement. I believe this will result in higher dividends being paid out over the long-term.

SIAEC in MRO JV with Panasonic Avionics

SIA Engineering Company Limited (SIAEC) announced on Thursday that it has signed a joint venture agreement with Panasonic Avionics Corporation to set up a Singapore-based facility for the maintenance, repair and overhaul (MRO) of in-flight entertainment and communications (IFEC) systems and components produced by Panasonic Avionics.

Under the agreement, SIAEC will hold a 42.5 per cent equity shareholding in the joint venture, with the remaining 57.5 per cent owned by Panasonic Avionics Corporation.

The joint venture will meet the growing demand for IFEC support of new-generation aircraft. Strategically located in Singapore, the state-of-the-art facility will enable airlines in the Asia-Pacific to benefit from one-stop total solutions and OEM support.