Safran Aircraft Engines and SIA Engineering Company (SIAEC) are establishing a joint venture for a maintenance, repair, and overhaul (MRO) facility in Singapore. The new facility will service CFM LEAP-1A and LEAP-1B engines to meet rising global demand.
Total planned investment for the facility is approximately $118 million. Safran will hold a 51% majority stake in the venture. SIAEC will hold the remaining 49% share.
The partnership integrates SIAEC’s existing quick-turn LEAP operations into the new shop. This venture strengthens the MRO ecosystem for the LEAP engine series in the Asia-Pacific market.