SIA Engineering (SIAEC) and Pratt & Whitney have signed a partnership deal that will see the Singaporean MRO provider participate in the PW1000G risk-revenue sharing program, SIAEC announced today. Under the terms of the deal, SIAEC will take a 3-percent stake in the PW1000G engine development for the Bombardier C Series and a 1-percent stake in the PW1000G variant under development for the Mitsubishi MRJ. SIAEC said it has incorporated two special-purpose subsidiaries to hold the investments in the respective programs.
The contract also calls for Pratt & Whitney to designate Eagle Services Asia–a joint venture between SIAEC and P&W–as the first engine center in the global MRO network planned for the PW1500G engine (the version of the PW1000G slated to power the C Series). Furthermore, the arrangement will supply business to the SIAEC/P&W engine component repair joint ventures in Singapore, SIAEC said.
