SIA Engineering Company and Safran Aircraft Engines have signed a joint venture agreement to establish a full-fledged CFM LEAP engine maintenance, repair and overhaul shop in Singapore. The deal, announced on 5 June 2026, formalises a planned expansion of LEAP support capacity in the city-state.
Under the venture, Safran Aircraft Engines will hold 51% and SIAEC 49%. The companies said the planned investment totals USD 118 million. The new shop will provide MRO services for LEAP-1A and LEAP-1B engines, covering powerplants used on Airbus A320neo-family and Boeing 737 MAX aircraft.
The agreement follows a letter of intent signed in November 2025. SIAEC already performs LEAP engine Quick Turn maintenance for Safran, and the new venture builds on that existing relationship with dedicated MRO capacity in Singapore.