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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Airlines Limited    SIAL   SG1V61937297

SINGAPORE AIRLINES LIMITED

(SIAL)
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Singapore Airlines : SriLankan Engineering certifies Singapore Airlines' first Boeing 787 operating to Malé

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10/14/2019 | 09:52am EST

SriLankan Engineering, the aircraft Maintenance Repair Overhaul unit (MRO) of SriLankan Airlines, marked another milestone with the commencement of certification of the first B787 aircraft operated by Singapore Airlines to Malé, Maldives. The airline in the past has provided certifications to various Airbus aircraft of Singapore Airlines in Maldives and this is the first time the National Carrier certified a Boeing 787.

SriLankan Airlines Chief Executive Officer Vipula Gunatilleka said: 'This signifies an expansion of our MRO services which are much sought-after in the South Asian region. As we strive to maintain the highest industry standards at all times, we anticipate more opportunities to serve third party carriers in the years to come.'

Two batches of SriLankan Airlines engineers underwent training at SIA Aviation Company Training Academy, one of Asia Pacific's leading training institutions specialised in MRO, fully owned by Singapore Airlines. The three-month training sessions were held in Singapore, which included theoretical and practical components. Following its successful completion, SriLankan Engineering's Maldives Unit currently has four B787 approved engineers to authorise third party aircraft certification.

SriLankan Airlines Chief Technical Officer D.A.G. Jayasuriya said: 'It is our pleasure to be a part of Singapore Airlines' milestone of operating the first B787 to Malé. We continue to explore potential expansion opportunities through widening the scope of our service portfolio for the benefit of more clients.'

SriLankan Engineering is accredited with several industry certifications of the highest recognised global standards, which includes EASA certifications for Line Maintenance, Base Maintenance and Engineering Workshops, and authorisation to certify aircraft operating to Bandaranaike International Airport and Malé International Airport in the Maldives.

SriLankan Engineering also holds approvals from numerous national aviation authorities including Seychelles, Singapore, China, India, Qatar, UAE and Bahrain to carry out aircraft maintenance. It also provides full engineering services for the entire SriLankan Airlines fleet, which is comprised of A320, A321 (CEO and NEO versions) and A330 aircraft. In addition SriLankan Engineering provides Line certification of B777, B737NG, B 787, A350 at Colombo and Malé Airports to third party Airline customers.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) 0.63% 365.0301 Delayed Quote.13.79%
SINGAPORE AIRLINES LIMITED 0.22% 9.26 End-of-day quote.-1.80%
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Financials (SGD)
Sales 2020 17 003 M
EBIT 2020 1 069 M
Net income 2020 667 M
Debt 2020 7 278 M
Yield 2020 3,48%
P/E ratio 2020 16,1x
P/E ratio 2021 13,8x
EV / Sales2020 1,07x
EV / Sales2021 1,20x
Capitalization 10 879 M
Technical analysis trends SINGAPORE AIRLINES LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 10,46  SGD
Last Close Price 9,18  SGD
Spread / Highest target 28,5%
Spread / Average Target 14,0%
Spread / Lowest Target -2,29%
EPS Revisions
Managers
NameTitle
Choon Phong Goh CEO & Non-Independent Executive Director
Lim Huat Seah Independent Non-Executive Chairman
Chin Hwee Ng EVP-Human Resources & Operations
Stephen Barnes Senior Vice President-Finance
Wei Jun Wang Senior Vice President-Information Technology
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