Singapore Aircraft Leasing Enterprise (SALE) has signed a contract with SIA Engineering Company covering long-term technical support services for the fast-growing lessor.
Under the terms of the agreement, SIA Engineering will undertake work at the request of SALE on aircraft in transition from one lessee to another, as well as any necessary modifications. Additionally, SIA Engineering will provide pre-delivery inspection services on new aircraft through its technical representatives at the aircraft manufacturers.
Commenting on the agreement, Robert Martin, SALE Managing Director, said that the agreement reflected the continued growth of the lessor’s portfolio, with 40 aircraft already in service and 32 more for delivery in the coming years.
“As a global player, we need to ensure that aircraft in transition are maintained to the best possible standards, both for our customers and in order to protect long-term residual values,” he said. “We are fortunate to have one of the world’s leading aircraft engineering organisations as a partner and look forward to meeting our common goal of technical excellence”.
SIA Engineering Company’s Chief Executive Officer, Mr William Tan said: “SIA Engineering is committed to providing high quality, total support for all its customers. This service agreement with SALE highlights the growing importance that leasing companies, airlines and cargo carriers are placing on managing the total life-cycle costs of their aircraft. To achieve higher fleet operating efficiency and aircraft preserved values, operators are increasingly seeking maintenance partners who can offer integrated, total maintenances solutions.”
Established in 1993, SALE has swiftly grown to become one of the world’s leading aircraft lessors. The company currently has a portfolio of 39 modern aircraft, with another 32 on firm order from Airbus and Boeing for delivery through 2008. The company has offices in Singapore, London, Washington D.C. and San Diego, California.
SIA Engineering Company is a major provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific. The Company has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at Singapore Changi Airport for about 220 flights daily, as well as airframe and component overhaul on some of the most advanced and widely used commercial aircraft in the world. 16 joint ventures with original equipment manufacturers and airlines in Singapore, Ireland, China, Hongkong and Taiwan increase the depth and breadth of the Company’s comprehensive service offerings.