Aircraft maintenance company SIA Engineering on Friday said it would collaborate with Air India's subsidiary to provide maintenance, repair and overhaul services in India.
SIA Engineering and Air India Engineering Services will collaborate to offer line maintenance and ancillary services at various airports in India as well as engineering training, it said in a statement.
Both companies will be able to offer a wider spectrum of services and customised packages to domestic and foreign airlines operating in and out of India, the statement said.
"This collaboration will allow SIA Engineering to offer our integrated MRO (maintenance, repair and overhaul) and technical support solutions to airline customers", Png Kim Chiang, Chief Executive Officer of SIA said.
Founded in the 1930s and known to generations of Indians for its Maharajah mascot, state-owned Air India has a complex fleet and $8.5 billion in debt.
The collaboration will help Air India expand its market exposure to domestic and foreign airlines operating in and out of India, added HR Jagannath, Chief Executive Officer of Air India Engineering Services.
The transaction is not expected to have a material impact on the financial performance of SIA or Air India Engineering Services in fiscal 2017-2018.
