SIA Engineering secures USD80.6 million Cebu Pacific contract to cover 18 more A320/A319
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Southeast Asia,
CEBU Pacific Air
SIA Engineering Company Limited (SIAEC) announced it has signed an extension of its current maintenance contract with Cebu Pacific to cover an additional 18 A320/A319 aircraft. The additional fleet coverage, valued at approximately SGD116 million (USD80.6 million), will extend the current agreement between the two companies to 2018.
The 18 new aircraft are planned to progressively join Cebu Pacific’s fleet over the next four years. The carrier has also placed an option for another ten aircraft.
Since Dec-04, SIAEC has been providing line, airframe and fleet management services to Cebu Pacific’s current fleet of 14 A320/A319 aircraft. Line maintenance and light checks are undertaken in Manila by an SIAEC subsidiary company, which Cebu Pacific has an equity share. Heavy maintenance checks are performed by SIAEC in Singapore. The value of the existing contract is worth SGD89.6 million (USD62.3 million).
Mr William Tan, Chief Executive Officer of SIAEC said: "We are delighted that Cebu Pacific, a highly prolific and progressive airline in the Asia-Pacific, is extending the coverage and tenure of our maintenance agreement.”
(c) Centre for Asia Pacific Aviation Premium. Date posted: 21-Jan-08.
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SIA Engineering secures USD80.6 million Cebu Pacific contract to cover 18 more A320/A319 
