Nanda Kumar (left), Eaton's aerospace president, and Ng Chin Hwee, CEO of SIA Engineering Company at the JV signing event in Seattle.
SINGAPORE—Singapore Airlines Engineering Company (SIAEC) and Eaton are partnering to establish a component MRO joint venture in Malaysia.
With an initial issued and paid-up share capital of $16 million, Eaton will hold the majority 51% and SIAEC the remaining 49%.
The JV will "inspect, test, repair, maintain, modify and overhaul Eaton-manufactured aircraft components installed on airframe and engine fuel systems and hydraulics system," SIAEC says.
“The relationship with Eaton in Malaysia is strategic for SIAEC as we have been growing component capabilities and increasing the competitiveness of our component power-by-the-hour product offering," SIAEC CEO Ng Chin Hwee says.
“This JV will be an important platform to build capabilities on new-generation aircraft and will complement our existing portfolio of engine and component JVs with other leading OEMs,” Ng adds.
