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 venture in Singapore.
The companies will establish a full-fledged LEAP engine shop to support LEAP-1A and LEAP-1B engines. Safran will hold 51% of the venture and SIAEC 49%.
The joint venture follows a letter of intent signed on 2025-11-25 to deepen LEAP engine maintenance support in Singapore. The new company will have an initial issued and paid-up capital of USD 100, and further contributions by the partners can take total investment to USD 118 million.
The agreement adds local LEAP support capacity in Singapore and combines Safran’s engine expertise with SIAEC’s MRO experience. The official announcement was published on 2026-06-05.