Latest news with #MRO
Independent Singapore
5 hours ago
- Business
- Independent Singapore
SIA Engineering's Q1 FY2025 profit jumps 29.2% to S$42.9M amid rising MRO demand and flight volumes
FB screengrab/ Singapore Airlines SINGAPORE: SIA Engineering Company (SIAEC) reported a 29.2% year-on-year (YoY) increase in net profit to S$42.9 million for the quarter ended June 30, 2025, thanks to continued higher demand for the company's maintenance, repair and overhaul (MRO) services and flight volumes in its line maintenance network. The company noted that it handled 3.5% more flights in Singapore during the quarter compared to a year ago. The Edge Singapore reported revenue for the first quarter of FY2025 was at S$358.4 million, up 33.4% from the same period last year, outpacing the group's total expenditure, which climbed 32% YoY to S$353.3 million amid higher material and manpower costs. As a result, SIAEC achieved an operating profit of S$5.1 million—S$4.1 million more than the previous year. The group's share of profit from its associated and joint venture companies rose to S$37.8 million for the quarter, marking a 35% increase compared to the same period last year. The engine and component segment added S$9.5 million to profits, while the airframe and line maintenance segment contributed S$0.3 million. The company said aircraft maintenance check volumes at its Base Maintenance in Singapore remained healthy, while setup efforts in Malaysia are on track, with the first of the two Subang hangars expected to be ready by year-end. Its new line maintenance joint venture in Cambodia is also slated to begin operations in the second half of the year. In April, SIAEC renewed its two-year term Comprehensive Services Agreements with Singapore Airlines and Scoot valued at S$1.3 billion. Its 55%-owned subsidiary, JADE Engineering, also secured a contract for Boeing 777 cabin retrofit services. As of June 30, 2025, the group's total assets stood at S$2.15 billion, marking a slight increase of 0.3% from March 31, 2025. Looking ahead, the company said in its press release on Tuesday (July 22): 'The sustained growth in passenger traffic, especially in Asia-Pacific, is expected to continue to drive MRO demand. However, we remain vigilant to the challenges arising from the broader macroeconomic environment, such as heightened geopolitical tensions, tariff and trade policy developments, and ongoing supply chain issues.' /TISG Read also: Singapore Airlines tops Travel + Leisure's 2025 international airlines list again () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
Bangkok Post
14 hours ago
- Business
- Bangkok Post
THAI expects relisting, to resume trading in August
Thai Airways International (THAI) expects to resume trading on the Stock Exchange of Thailand (SET) early next month, while reaffirming its commitment to the maintenance, repair, and overhaul (MRO) investment at U-Tapao Airport. CEO Chai Eamsiri said Monday the company is awaiting confirmation of the official relisting date this week. Although global markets have been affected by recent US tariff policies, THAI only anticipates a limited indirect impact. The company views its return to the SET as an attractive opportunity for investors, particularly with the high tourism season approaching. THAI remains confident in its financial stability following a successful rehabilitation, Mr Chai said. On June 16, the Central Bankruptcy Court officially lifted the airline's rehabilitation status after it met all conditions outlined in its restructuring plan. These included a capital increase to support equity restructuring; full compliance with debt repayment terms; achieving earnings before interest, taxes, depreciation and amortisation (EBITDA) of 40.3 billion baht -- well above the 20-billion-baht benchmark -- and returning to positive shareholder equity; and the appointment of a new board of directors. Despite the second quarter typically being a low season, Mr Chai said, THAI reported a solid performance. Passenger traffic from China has remained steady, mostly comprising independent travellers and transit passengers. The airline, meanwhile, has seen increased passenger numbers from Europe during this period. Regarding the MRO project at U-Tapao, Mr Chai addressed the recent cabinet resolution that revoked THAI's access to land in the Eastern Economic Corridor (EEC), following its transition from a state enterprise. He said the company expects the EEC Office to either reopen the project for bidding under a public-private partnership model or offer the site under a lease agreement. THAI reaffirmed its commitment to the project, highlighting its potential to stimulate investment and economic growth.
Indian Express
a day ago
- Business
- Indian Express
British Royal Navy's F-35B jet takes off from Kerala airport a month after emergency landing
A month after it made an emergency landing, the British Royal Navy's F-35B jet took off from the international airport in Kerala on Tuesday. The F-35B from the Royal Navy's aircraft carrier HMS Prince of Wales made the landing in Thiruvananthapuram when it was undertaking a routine flight outside the Indian air defence identification zone, which is a designated area of airspace extending beyond a country's sovereign territory. Thiruvananthapuram was designated as the emergency recovery airfield, a location where aircraft can land in the event of an in-flight emergency. Earlier, The Indian Express reported that the parking fee for the jet fight is being calculated as per the existing norms. 'It would range between Rs 15,000 and Rs 20,000 a day. Besides, there would be a fee for land for the fighter jet and the Airbus. It is calculated between Rs 1 lakh and Rs 2 lakh. Air India will fix the fee for using their Maintenance, Repair and Overhaul (MRO) facility at the airport,' told the official. A 14-memver team of engineers from the UK was in on a Royal Air Force Airbus A400M Atlas aircraft to assess and repair the fighter aircraft 'The UK has accepted the offer of a space in the Maintenance Repair and Overhaul (MRO) facility, and are in discussions to finalise arrangements with relevant authorities. The UK engineers are carrying specialist equipment necessary for the movement and repair process,' said the spokesperson. 'The UK remains very grateful for the continued support and collaboration of the Indian authorities and airport teams.'
Time of India
2 days ago
- Business
- Time of India
State to get first aircraft maintenance hub
Bhubaneswar: State govt on Monday decided in principle to establish its first aircraft maintenance, repair, and overhaul (MRO) facility in Bhubaneswar. The facility is expected to generate employment opportunities and boost the state's aviation ecosystem. Tired of too many ads? go ad free now Currently, airlines operating from Bhubaneswar rely on other airports for aircraft maintenance, leading to operational delays and additional costs. The new MRO facility will be capable of accommodating large aircraft such as the Airbus A321. According to sources, the facility will utilise a newly constructed hangar spanning 4,670 square metres. Earlier, the Airports Authority of India (AAI) board approved the handover of the hangar for to the state govt. Officials said the govt will pay monthly rent for its use as an MRO unit. "The introduction of direct international flights from Bhubaneswar to Dubai and Abu Dhabi was a game-changer for our state's global connectivity," said a senior official from the commerce and transport department. According to him, these routes have strengthened diaspora ties and opened new avenues for trade and tourism. The state's aviation policy has also enhanced domestic connectivity, introducing new routes linking Jharsuguda to Mumbai and Hyderabad, and Bhubaneswar to destinations such as Goa, Dehradun, and Port Blair. The UDAN scheme has further improved regional access through operational airstrips at Jeypore, Rourkela, Utkela, and Rangeilunda. Regarding the proposed airport at Puri, officials said a major breakthrough was achieved with the launch of the interactive colour-coded zoning map, a digital tool that streamlines height clearance processing and promotes sustainable urban development around the upcoming airport. Officials also stated that the state govt is developing a comprehensive drone policy and expediting land allotment for airport infrastructure.
Sydney Morning Herald
3 days ago
- Sport
- Sydney Morning Herald
Dees earn scrutiny as bigger loser in clash of AFL's most disappointing duo
Bump language shows mindset change Whether Steven May is suspended or not, the moment was proof the mindset of the game has fundamentally changed. You change behaviours by changing language, and the May case is proof the AFL has already changed the narrative on these types of collision incidents. Instantly, the discussion centred on the velocity of May, what his plan was and the expectation of collision if and when he arrived late. It was also about the change of the duty of care, that pulling up or pulling out of a contest is OK if it means you don't concuss the other player. Previously, the reaction would have typically been that the MRO shouldn't even look at the case because both players were going for the ball and it was just an unfortunate collision. Loading That could still ultimately be what the tribunal decides, but significantly the discussion – even among veteran players – reflects the sort of change the AFL has been seeking. Now the conversation is whether what May did was fair and reasonable when his opponent, Francis Evans, came off concussed and bleeding from the head with a lost tooth. May may be cleared, like Fremantle's Alex Pearce was earlier in the season, or he might go for weeks as North Melbourne's Jackson Archer did. That is not the point. The point is the shift in the conversation. 'He was going to go and win that football', Nathan Buckley said in commentary before adding that he was not sure 'our game can allow that any more'. Jack Riewoldt offered on Fox: 'if you come in with that sort of velocity … this incident has a little bit of the Jackson Archer about it and that cost him three weeks. 'He came that fast into the contest, the collision was inevitable. Steven May has a duty of care because Francis Evans has the ball there.' David King added: 'What we had to do is look at it from the victim's point of view. What are we asking Evans to do?' Whether May's action is considered more akin to Archer or to Pearce will determine May's fate, but the bigger outcome has already been realised with the change in the language and the idea of what the game should tolerate. Time to topple Tassie roof The Tasmanian state election does not deliver a majority government, but logically it does deliver a majority of MPs who support a new football stadium. Liberal and Labor have both backed a stadium. Combined they have the numbers to now approve the stadium. Logic would say they do, though logic is rare in politics Don't waste a crisis is a truism of politics, which – if applied to Tasmania – would say that the new government, in whatever minority form it takes, has the chance to leverage its precarious political position to achieve what should have been the AFL and state government position from the outset and abandon the roof. The roof was a desirable, if expensive, luxury item the AFL added to the stadium as an ambit claim. The AFL logic was that, at the moment of their strongest bargaining position, they needed to ask for everything they wanted. The rationale was that if they didn't get what they wanted now, they would never get it. So they set a roofed stadium – not just a stadium – as a precondition. It was the sort of negotiating position Tony Soprano would've applauded. A roofed stadium would be an easier sell when recruiting players and for luring travelling fans to fly down to watch their team play against the Devils. But in making the demand, the AFL managed to turn what should have been a unifying moment for Tasmania and its football into an election issue and a flashpoint in a state that does not have to go searching for things to fight about. Infrastructure projects that come in on budget are as rare as Tasmanian tigers. The stadium will cost more than budgeted, and the federal government, which is committing every spare sports dollar it has to the Brisbane 2032 Olympics, has made it clear there will be no more money for the stadium. They put a ceiling on the roof. The AFL has said it won't throw in more cash, so if and when the costs run over, the state will be left scrambling for more. A roof in a cold but relatively dry state would be an excellent addition, particularly if combined with air conditioning/heating. But that would only add to the expense. And, yes, this idea of abandoning the roof is said in the knowledge of the foul weather experienced by Hawthorn and Port Adelaide at the weekend and after personally covering a North v West Coast game at Bellerive in horrendous conditions, with a wind so strong the ball blew back over players' heads. Let's not forget, football was played in Canberra in snow. No one demanded a roofed stadium for the Giants to come into the competition. If the Libs and Labor in Tassie don't join together and push the stadium through in its current state because they hate each other or maybe the minority Greens and independents demand concessions, what happens then? Is the AFL truly going to walk away from a team this far down the track, with funding offered by governments, a CEO and football staff employed, player movement rules and concessions drafted and clubs making decisions on the trading of players and draft picks in anticipation of the team's arrival? To go ahead requires the agreement of the majority of AFL clubs. Will they really cut and run on Tassie now with no roofed stadium? The AFL has the opportunity to pivot and reposition their brand in Tasmania, which has taken a hit even among the large number of Tasmanians who support a team and stadium. Rioli's revives Bosustow memories Peter Bosustow, who died earlier in the year, kicked goal of the year in his first season for a smother then recovering the ball and snapping a goal. He played in the era of Maurice Rioli. What Maurice Rioli Jnr (MJ) did against West Coast was very like Bosustow. His diving smother to then soccer the ball to himself, gather and chip to the goal square was superb. It was all Bosustow, right to the moment he didn't just kick the goal himself but passed it. Later he produced diving rundown tackle that was just as thrillingly team-lifting. It was one of those slow-motion moments where everyone but the ball carrier could see what was about to happen next. Poor Brady Hough. MJ has taken time to find his place in the Tigers' team. He is not a big possession winner, his skills can be loose, but his speed and pressure is elite.
