Air India signed a Memorandum of Understanding with SIA Engineering Company (SIAEC) — the MRO arm of Singapore Airlines — in Mumbai to explore collaboration in building a world-class MRO (Maintenance, Repair and Overhaul) ecosystem in India, including a potential joint venture. The MoU was signed by Air India CEO & MD Campbell Wilson and SIAEC CEO Chin Yau Seng. SIAEC already has a 12-year Inventory Technical Management contract with Air India (A320 fleet, February 2024). India's MRO market is projected to exceed $4 billion by 2030.
Economy
Air India Signs MoU with SIA Engineering Company to Build World-Class MRO Ecosystem in India
Key Points
- Air India signed a Memorandum of Understanding with SIA Engineering Company (SIAEC) — the MRO arm of Singapore Airlines — in Mumbai to explore collaboration in building a world-class MRO (Maintenance, Repair and Overhaul) ecosystem in India, including a potential joint venture
- The MoU was signed by Air India CEO & MD Campbell Wilson and SIAEC CEO Chin Yau Seng
- SIAEC already has a 12-year Inventory Technical Management contract with Air India (A320 fleet, February 2024)
- India's MRO market is projected to exceed $4 billion by 2030
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• Air India + SIAEC (SIA Engineering Company): MRO MoU; Mumbai; potential JV (Jul 2026) • Signed by: Air India CEO Campbell Wilson + SIAEC CEO Chin Yau Seng • India MRO market: $4B+ by 2030; Air India: Tata Group (acquired Jan 2022) • MRO = Maintenance, Repair and Overhaul; India aviation: 3rd largest domestic market globally
