Iport owns and operates airports in Xiamen, Fuzhou, Wuyishan and Longyan, with Arport AME performing line maintenance and ground services at these four airports.
Leveraging SIAEC's MRO service offerings and maintenance capabilities as well as Iport’s infrastructure and resources in Fujian, both parties will look to grow Arport AME’s existing MRO business to include base maintenance and other services.
With the agreement, both parties will progress towards the finalisation and signing of definitive agreements, subject to meeting regulatory requirements and obtaining the necessary approvals.
As at 4.21 pm, shares in SIAEC are trading 4 cents lower or 1.65% down at $2.38.
