The agreement provides component support coverage to Thai VietJet’s fleet of Airbus A320 aircraft over six years.
Under the programme, SIAEC will provide comprehensive pooling, as well as a repair and overhaul of airframe and engine components.
The Mainboard-listed company will also provide on-site stock in Bangkok to support Thai VietJet within the Asia Pacific (APAC) region.
The transaction is not expected to have a material impact on SIAEC’s net tangible assets (NTA) or earnings per share (EPS) for the FY2021/2022.
See also: Virgin Australia CEO sees no retreat from post-pandemic travel boom
Shares in SIAEC closed 1 cent lower or 0.46% down at $2.19 on Nov 3.
Scroll to continue
