SIA Engineering Company (SIAEC) has reported a strong uplift in earnings as airlines around the world confront prolonged aircraft delivery delays and engine availability issues, keeping older jets in service longer and driving demand for maintenance, repair, and overhaul work.
For the financial year 2025/26, SIAEC’s net profit rose 21% to S$168.9 million, outpacing a 14.3% increase in revenue to S$1.42 billion. The company’s performance reflects both higher maintenance volumes and a shift toward more profitable segments in the aftermarket, including engine and component work.
Profits from associated companies and joint ventures grew 22.5%, underlining the importance of SIAEC’s partnership-led model. Key alliances with Pratt & Whitney and Safran Aircraft Engines are giving the Singapore-based provider access to heavy engine work on geared turbofan and CFM LEAP powerplants, which are experiencing heightened shop visits due to durability and inspection challenges.
Industry-wide supply chain disruptions and constraints on new aircraft deliveries from Airbus and Boeing are prompting airlines to extend the operational life of existing fleets. Older aircraft typically require more intensive checks, overhauls, and component replacements, adding to the MRO workload.
Despite this momentum, the sector faces pressures from elevated fuel prices and the possibility that some airlines may accelerate retirements of aging jets, which could temper demand. Even so, the Asia-Pacific and Middle East are projected to remain among the fastest-growing MRO markets, and SIAEC’s regional focus positions it to capture a share of that expansion while competing with larger global providers.