Many that have attended the AGM for SIA Engineering on 20th July 2012 will have agreed that it has been a great session that provides important insights into the SIAEC's business model during the past decade. One of the most important will have been the fact that the management has been very willing to cannibalise their business to support the growth of their JVs and associate companies.

The first reason is that OEMs are increasingly going into the MRO space and it is either you compete or collaborate. However, as with all collaborations, there must be something which you can offer before the other party will be willing to do so (SIA's business). The second reason is that this is one of the best way for SIAEC to reach out to global clients. Without a JV, the management explained that other airlines might not be willing to engage the service ......