SIA Engineering Company Limited (SIAEC) and Xiamen Iport Group (IPORT Group) have signed a legally non-binding Memorandum of Understanding (MoU) to explore MRO opportunities in Fujian, China.
IPORT Group owns and operates airports in Xiamen, Fuzhou, Wuyishan, and Longyan.
With SIAEC’s comprehensive MRO service offerings, certifications and maintenance capabilities, and IPORT Group’s extensive infrastructure and resources in Fujian, the companies are to evaluate various MRO collaboration opportunities under this MoU.
On the date of the announcement (September 4, 2023), no definitive or binding agreements had been entered into or reached by SIAEC in respect of the matters contemplated by the MoU, and there is no assurance or certainty that such agreements will be entered into or reached or that such matters will be proceeded with.
SIEAC state they will make the necessary announcement(s) in relation to the potential collaboration as and when there are any material developments on the matter, including the signing of any definitive agreements.
None of the directors and controlling shareholders of SIAEC has any interest, direct or indirect, in the MoU, other than through their shareholdings (if any) in SIAEC.