Photo: SIA Engineering

Following up on last year’s SIA Engineering 2014 AGM, I attended this year’s meeting to find out the latest updates on the company and the aircraft maintenance, repair and overhaul (MRO) industry.

#1 The MRO industry is facing headwind

In January, SIA Engineering welcomed a new CEO, Png Kim Chiang, whose track record boasts three decades of experience in the MRO industry. Png started his speech at the AGM by sharing some of the major challenges faced by SIA Engineering in the MRO industry.

The 4 key challenges in the aircraft MRO industry:

1. Technological advancement and the new batch of commercial aircraft like the Airbus A350 and Boeing 787 require less maintenance than older fleets. This technological advancement is a structural change in the industry. As technology progresses, aircraft spend less time in maintenance and maintenance fees go down which will affect SIA Engineering. At the same ...

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