News
Singapore MRO pins hope on vaccines for sector’s recovery
February 1st 2021
SIA Engineering Company (SIAEC) said on Friday the progressive rollout of COVID-19 vaccines offered "hope of a gradual recovery of the aviation industry and the MRO business" as it reported net profit fell 85.7%, to S$7.7 million (US$5.8 million), in the three months to December 31, 2020, compared with a year earlier. Read More » "All business segments continued to be adversely affected by low flight activity and the reduction in active aircraft," SIAEC said in a regulatory filing to the Singapore Exchange (SGX).
