Air India and SIA Engineering Company signed a Memorandum of Understanding on 3 July 2026 in Mumbai to explore a joint venture for a world-class Maintenance, Repair, and Overhaul facility in India. Led by CEOs Campbell Wilson and Chin Yau Seng, the partners aim to leverage SIAEC’s technical MRO expertise to bolster Air India’s operations network and establish a third-party MRO JV. While existing collaboration covers base maintenance and component support, this MoU specifically targets the potential formation of a new facility, addressing rising Indian and regional aviation market needs. The agreement outlines planning, construction, and operation exploration, though final JV formation remains potential, with investment figures and exact location undisclosed.