SIA Engineering's $52M Deal Soaring with Scoot | The Investing Iguana π¦
π© In this video, Iggy the Investing Iguana takes a deep dive into SIA Engineering Company (SIAEC), a leading player in the aircraft maintenance, repair, and overhaul (MRO) industry. With a client base of over 80 international airlines and aerospace equipment manufacturers, SIAEC has been making waves in the aviation world. $SIA Engineering(S59.SI)$
The video also explores SIAEC's recent expansion of its services agreement with Scoot, Singapore Airlines' low-cost subsidiary. This deal, which involves maintaining Scoot's new fleet of Embraer E190-E2 regional jets, is expected to generate an estimated S$52 million in revenue over the next 58 months.
Looking ahead, Iggy discusses the strong demand for aircraft MRO services and the potential challenges that SIAEC may face, such as a tight labor market, supply chain issues, and inflation. He analyzes what these factors could mean for the company's short-term operating margins and its overall growth prospects.
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- William85Β·05-13Your video on SIA Engineering and their deal with Scoot was really informative!LikeReport