SIA Engineering Company and Safran Aircraft Engines signed a joint venture agreement on 2026-06-05 to create a CFM LEAP engine maintenance, repair and overhaul facility in Singapore. Safran will hold 51% of the venture and SIAEC 49%.
The joint venture will provide MRO services for the LEAP-1A and LEAP-1B engines, extending SIAEC’s existing LEAP maintenance work and adding capacity in Singapore. The companies said the total investment is estimated at US$118 million, with SIAEC contributing up to US$57.8 million and Safran up to US$60.2 million.
The agreement follows a letter of intent signed on 2025-11-25. The transaction formalises a deeper industrial partnership around the LEAP engine support network, one of the most closely watched aftermarket segments in commercial aviation.