SIA, JAS set up joint venture

SIA, JAS set up joint venture

SINGAPORE: Singapore Airlines' (SIA) engineering arm will set
up a joint venture with an Indonesian partner to provide aircraft
line maintenance services at airports in Indonesia, the carrier
said Monday.

Mainboard-listed SIA Engineering Co. will take a 49 percent
stake in PT Jas Aero-Engineering Services while its partner PT
Jasa Angkasa Semesta (PT JAS) will hold the remaining 51 percent,
SIA said in a statement.

"We are very pleased to partner PT JAS, which has an excellent
reputation in airport ground handling services and an extensive
presence in Indonesia," said SIA Engineering chief executive
William Tan.

"Coupled with our experience and extensive coverage in
aircraft certifications, we look forward to providing customers
with a high level of technical services and dispatch reliability
at major Indonesian airports."

The joint-venture has a paid-up capital of four million U.S.
dollars and is subject to approval from the Indonesian
government.

It will operate at 10 major airports in Indonesia including
Jakarta, Denpasar, Surabaya and Medan, providing aircraft line
maintenance services to international and domestic carriers. --
AFP