Singapore Technologies Engineering (SGX:S63) has secured a 15-year exclusive maintenance, repair, and overhaul (MRO) contract with Akasa Air to provide MRO solutions for the LEAP-1B engines powering its Boeing 737 MAX fleet, according to a Thursday filing.
The agreement includes the first Performance Restoration Shop Visit (PRSV) service at ST Engineering's Singapore facility and covers Akasa Air's current fleet of 25 Boeing 737 MAX aircraft, along with 201 additional deliveries over the next eight years.
Price (SGD): S$4.69, Change: S$+0.030, Percent Change: +0.64%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.