Safran Aircraft Engines and SIA Engineering (SIAEC) have signed a maintenance services agreement that will see the latter provide engine maintenance services for CFM Leap engines.
The 10-year agreement will cover engine quick-turn and modification embodiment services for the Leap-1A and Leap-1B engine variants. CFM is a joint venture between th United States’ GE and France’s Safran.
SIAEC will set up a dedicated facility — to be operational in 2020 — that will support these services.
The CFM Leap-1A engines power the Airbus A320neo family, while the -1B powers the now-grounded Boeing 737 Max family aircraft.
SIAEC says the transaction is not expected to impact its earnings per share, or the net tangible assets per share for the company, for the financial year ended 31 March 2020.
