SIA, Pratt & Whitney deal

SIA, Pratt & Whitney deal

SINGAPORE (DPA): Singapore Airlines (SIA) and the U.S.-based firm Pratt & Whitney yesterday launched a joint venture to overhaul commercial jet engines in Asia.

The new company, Eagle Services Asia, is based in Singapore with SIA as its anchor customer.

Pratt & Whitney owns 51 percent of the venture, and Singapore Airlines Engineering Company (SIAEC), a wholly-owned subsidiary of SIA, owns the remaining 49 percent.

The company is expected to generate some US$200 million per year at the outset, growing to $300 million by the turn of the century, SIA said.

Pratt & Whitney subsidiary Eagle Services (PWES) and SIAEC already operate three aircraft component repair joint ventures, including two in Singapore and one in Taiwan.