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Sia Engineering Company in Negotiations to Acquire 25% Stake in Gameco
17 April 2002 SIA ENGINEERING COMPANY IN NEGOTIATIONS TO ACQUIRE 25% STAKE IN GAMECO SIA Engineering Company in negotiations to acquire 25% stake in GAMECO SINGAPORE, 17 April 2002 – Mainboard-listed SIA Engineering Company Limited, a leading provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific, has entered into a conditional agreement to acquire the entire 25% stake in Guangzhou Aircraft Maintenance Engineering Company (GAMECO) held by U.S. aerospace firm Lockheed Martin Aeronautics Service International. SIA Engineering Company and Lockheed Martin Aeronautics Service International will proceed to negotiate the detailed terms of the definitive agreement. The proposed transaction will be subject to, amongst other things, the consent of the shareholders of GAMECO as well as the receipt of necessary regulatory and government approvals. The conclusion of the proposed transaction is subject to negotiations, entry into the mutually agreed definitive agreement and satisfaction of closing conditions. SIA Engineering Company will make further announcements at the appropriate time. About SIA Engineering Company SIA Engineering Company is a major provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific. The Company has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at Singapore Changi Airport for about 220 flights daily, as well as airframe and component overhaul on some of the most advanced and widely used commercial aircraft in the world. 16 joint ventures with original equipment manufacturers and airlines in Singapore, Ireland, China, Hongkong and Taiwan increase the depth and breadth of the Company’s comprehensive service offerings. -
Board of Directors
13 SINGAPORE TELECOMMUNICATIONS LIMITED Board of Directors SIMON ISRAEL • Non-executive and non-independent Director • Member, Optus Advisory Committee • Chairman, Singtel Board • Date of Appointment: Director on 4 Jul • Chairman, Finance and Investment Committee 2003 and Chairman on 29 Jul 2011 • Member, Corporate Governance and • Last Re-elected: 26 Jul 2013 Nominations Committee • Number of directorships in listed • Member, Executive Resource and companies (including Singtel): 4 Compensation Committee Mr Simon Israel, 63, is the Chairman of Singapore Post Limited and a Director of CapitaLand Limited, Fonterra Co-operative Group Limited and Stewardship Asia Centre Pte. Ltd. He is also a member of the Governing Board of Lee Kuan Yew School of Public Policy and Westpac’s Asia Advisory Board. Simon is a former Chairman of Asia Pacifi c Breweries Limited. Simon was an Executive Director and President of Temasek Holdings (Private) Limited before retiring on 1 July 2011. Prior to that, he was Chairman, Asia Pacifi c of the Danone Group. Simon also held various positions in Sara Lee Corporation before becoming President (Household & Personal Care), Asia Pacifi c. Simon was conferred Knight in the Legion of Honour by the French government in 2007 and awarded the Public Service Medal at the Singapore National Day Awards 2011. He holds a Diploma in Business Studies from The University of the South Pacifi c. CHUA SOCK KOONG • Executive and non-independent Director • Last Re-elected: 21 Jul 2015 • Member, Optus Advisory Committee • Number of directorships in listed • Date of Appointment: Director on 12 Oct companies (including Singtel): 2 2006 and Group Chief Executive Officer (CEO) on 1 Apr 2007 Ms Chua Sock Koong, 58, was appointed Group CEO on 1 April 2007. -
SIAEC GOES IPO SIAEC Goes IPO (4/5/2000) the Following Announcement Was Sent to the Singapore Exchange This Morning
04 May 2000 SIAEC GOES IPO SIAEC goes IPO (4/5/2000) The following announcement was sent to the Singapore Exchange this morning: "Singapore Airlines Limited wishes to announce that it is proceeding with the initial public offerings of shares of its two subsidiary companies, SIA Engineering Company Limited and Singapore Airport Terminal Services Limited. The offerings comprise 110 million vendor shares of SIA Engineering Company Limited for subscription at $2.05 each, and 110 million vendor shares of Singapore Airport Terminal Services Limited for subscription at $2.50 each. The offerings will be launched this afternoon. Complete details will be contained in the respective prospectus." Related Stories Singapore Airlines to List Two Major Subsidiaries (27 January 2000) The Board of Directors of Singapore Airlines (SIA) has decided to proceed with the listing of the ordinary shares of two major subsidiaries, Singapore Airport Terminal Services (SATS) and the SIA Engineering Company (SIAEC), on Singapore Exchange Securities Trading Limited. The decision was based on the conclusions of a three-month study by two major investment banks, Development Bank of Singapore (DBS) and Merrill Lynch, to consider the arguments for and against such a listing. Explained SIA Deputy Chairman and CEO Cheong Choong Kong: "This is not an exercise to raise capital. The object of the listings is to allow SATS and SIAEC to be more independent and grow faster than if they remained fully-owned by SIA. There will be greater incentive for them to secure more third-party work and enter into more business ventures internationally." SIA will remain a majority shareholder of SATS and SIAEC. -
Uncontrolled Descent and Collision with Terrain, United Airlines 585
PB2001-910401 NTSB/AAR-01/01 DCA91MA023 NATIONAL TRANSPORTATION SAFETY BOARD WASHINGTON, D.C. 20594 AIRCRAFT ACCIDENT REPORT Uncontrolled Descent and Collision With Terrain United Airlines Flight 585 Boeing 737-200, N999UA 4 Miles South of Colorado Springs Municipal Airport Colorado Springs, Colorado March 3, 1991 5498C Aircraft Accident Report Uncontrolled Descent and Collision With Terrain United Airlines Flight 585 Boeing 737-200, N999UA 4 Miles South of Colorado Springs Municipal Airport Colorado Springs, Colorado March 3, 1991 RAN S P T O L R A T LURIBUS N P UNUM A E O T I I O T N A N S A D FE R NTSB/AAR-01/01 T Y B OA PB2001-910401 National Transportation Safety Board Notation 5498C 490 L’Enfant Plaza, S.W. Adopted March 27, 2001 Washington, D.C. 20594 National Transportation Safety Board. 2001. Uncontrolled Descent and Collision With Terrain, United Airlines Flight 585, Boeing 737-200, N999UA, 4 Miles South of Colorado Springs Municipal Airport, Colorado, Springs, Colorado, March 3, 1991. Aircraft Accident Report NTSB/AAR-01/01. Washington, DC. Abstract: This amended report explains the accident involving United Airlines flight 585, a Boeing 737-200, which entered an uncontrolled descent and impacted terrain 4 miles south of Colorado Springs Municipal Airport, Colorado Springs, Colorado, on March 3, 1991. Safety issues discussed in the report are the potential meterological hazards to airplanes in the area of Colorado Springs; 737 rudder malfunctions, including rudder reversals; and the design of the main rudder power control unit servo valve. The National Transportation Safety Board is an independent Federal agency dedicated to promoting aviation, railroad, highway, marine, pipeline, and hazardous materials safety. -
Validated Maintenance Organisation Approvals | Bailiwick of Guernsey STATUS AS on 1 SEPTEMBER 2021
Validated Maintenance Organisation Approvals | Bailiwick of Guernsey STATUS AS ON 1 SEPTEMBER 2021 Approval no. Name of Maintenance Organisation Country 2-REG.145.1.UK Aircraft Servicing Guernsey Limited United Kingdom 2-REG.145.2 RGV Aviation Limited United Kingdom 2-REG.145.3 Turkish Technic Turkey 2-REG.145.4 Rheinland Air Services GmbH Germany 2-REG.145.6 AMAC Aerospace Switzerland AG Switzerland 2-REG.145.7 ATS Aero Limited United Kingdom 2-REG.145.8 Fokker Services Netherlands 2-REG.145.9 Castle Air United Kingdom 2-REG.145.12 Inflite United Kingdom 2-REG.145.15 Jet Aviation Switzerland 2-REG.145.18 Airlines Maintenance Company France 2-REG.145.20 BCT Aviation Maintenance Ltd. United Kingdom 2-REG-145.25 OGMA – Industria Aeronáutica de Portugal S.A Portugal 2-REG.145.26 Air Works India Engineering Pvt. Ltd. T/A Air Works Commercial MRO India 2-REG.145.27 Gulfstream Aerospace Ltd. United Kingdom 2-REG.145.28 Caerdav Limited United Kingdom 2-REG.145.32 GMR Aero Technic Ltd EASA 2-REG.145.32.I M/s GMR Air Cargo and Aerospace Engineering Ltd. India 2-REG.145.33 Boeing Shanghai Aviation Services China 2-REG.145.35 SIA Engineering (Philippines) Philipines 2-REG.145.37 Cessna Zurich Citation Service Center GmbH Switzerland 2-REG.145.41 Storm Aviation Ltd. United Kingdom 2-REG.145.42 Tarmac Aerosave S.A.S France 2-REG.145.48 Signature Technicair United Kingdom 2-REG.145.50 AerSale Inc United States 2-REG.145.51 KLM Engineering & Maintenance Netherlands 2-REG.145.52 Contact Air Technik GmbH Germany 2-REG.145.54 Croatia Airlines d.d Croatia 2-REG.145.58 Apple Aviation United Kingdom 2-REG.145.59 ST Engineering Aerospace Services Company Pte. -
National Transportation Safety Board Washington, Dc 20594 Aircraft
PB99-910401 ‘I NTSB/AAR-99/01 DCA94MA076 NATIONAL TRANSPORTATION SAFETY BOARD WASHINGTON, D.C. 20594 AIRCRAFT ACCIDENT REPORT UNCONTROLLED DESCENT AND COLLISION WITH TERRAIN USAIR FLIGHT 427 BOEING 737-300, N513AU NEAR ALIQUIPPA, PENNSYLVANIA SEPTEMBER 8, 1994 6472A Abstract: This report explains the accident involving USAir flight 427, a Boeing 737-300, which entered an uncontrolled descent and impacted terrain near Aliquippa, Pennsylvania, on September 8, 1994. Safety issues in the report focused on Boeing 737 rudder malfunctions, including rudder reversals; the adequacy of the 737 rudder system design; unusual attitude training for air carrier pilots; and flight data recorder parameters. Safety recommendations concerning these issues were addressed to the Federal Aviation Administration. The National Transportation Safety Board is an independent Federal Agency dedicated to promoting aviation, raiload, highway, marine, pipeline, and hazardous materials safety. Established in 1967, the agency is mandated by Congress through the Independent Safety Board Act of 1974 to investigate transportation accidents, study transportation safety issues, and evaluate the safety effectiveness of government agencies involved in transportation. The Safety Board makes public its actions and decisions through accident reports, safety studies, special investigation reports, safety recommendations, and statistical reviews. Recent publications are available in their entirety at http://www.ntsb.gov/. Other information about available publications may also be obtained from the Web site or by contacting: National Transportation Safety Board Public Inquiries Section, RE-51 490 L’Enfant Plaza, East, S.W. Washington, D.C. 20594 Safety Board publications may be purchased, by individual copy or by subscription, from the National Technical Information Service. -
"Best Asia Pacific Airline Mro Operation of the Year" Award
03 December 2002 SIA ENGINEERING WINS "BEST ASIA PACIFIC AIRLINE MRO OPERATION OF THE YEAR" AWARD SIA Engineering wins “Best Asia-Pacific Airline MRO Operation of the Year” Award from Aviation Week SINGAPORE – 3 December 2002 – Mainboard-listed SIA Engineering Company Limited has been awarded “Best Asia-Pacific Airline Maintenance, Repair and Overhaul (MRO) Operation of the Year” by Aviation Week, a renowned industry publication. A member of the McGraw Hill & Companies in the United States, Aviation Week is widely read by members of the airline and aerospace industry worldwide. Held in conjunction with MRO Asia Conference and Exhibition at the Suntec International Convention and Exhibition Centre from 3 to 5 December, the Award -- which is in its second year -- recognises companies operating in the Asia-Pacific region for excellence in aviation and aerospace aftermarket operations. Said Mr Frank Jackman, Editor-in-Chief of Aviation Week’s publication, Overhaul and Maintenance magazine: “SIA Engineering was chosen for this Award by the editors and writers of Overhaul & Maintenance and Aviation Week because of its dedication to safety and quality, its demonstrated operational excellence, and because of the way the Company and its managers have successfully navigated one of the most difficult economic periods in the history of commercial aviation.” About SIA Engineering Company SIA Engineering Company is a major provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific. The Company has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at Singapore Changi Airport for about 220 flights daily, as well as airframe and component overhaul on some of the most advanced and widely used commercial aircraft in the world. -
SIA Engineering Company Signs $2.9 Billion Services Agreement with Singapore Airlines
SIA Engineering Company Signs $2.9 Billion Services Agreement with Singapore Airlines SINGAPORE, 15 April 2015 - Mainboard-listed SIA Engineering Company Limited (SIAEC) is pleased to announce the renewal of its comprehensive Services Agreement with Singapore Airlines (SIA). The existing Services Agreement with SIA expires in 2015. The new agreement, commencing 1 April 2015, is for a term of 3 years, with options to renew for 3 years and a further period of 2 years. SIAEC’s support of the SIA fleet covers a broad spectrum of maintenance, repair and overhaul (MRO) and fleet management support services. The agreement is expected to yield $2.6-2.9 billion in labour revenue over the 8-year term. SIAEC’s Chief Executive Officer, Mr Png Kim Chiang said: “We value the strong commercial relationship and synergies we share with our anchor customer, SIA. The renewal of this Services Agreement reaffirms our commitment to providing high quality and comprehensive engineering support to the Airline. We will continue to work closely with SIA to uphold its engineering excellence.” "SIA is focused on upholding the highest engineering standards of aircraft safety and reliability in its operations, with cabin excellence a hallmark of SIA’s reputation and success. The renewal of this Agreement underlines our confidence in SIAEC’s outstanding engineering capability to achieve these objectives,” said Mr Mervyn Sirisena, Senior Vice President Engineering, Singapore Airlines. As the new Services Agreement re-establishes an existing arrangement, it is not expected to have a material impact on SIAEC’s financial performance in FY2015/16. None of the Directors of SIAEC has any interest, direct or indirect, in the transaction. -
Uncovering the Truth in Foreign Aviation Disasters and Evaluating the Case
FIU Law Review Volume 10 Number 2 Article 14 Spring 2015 Sifting Through the Theories: Uncovering the Truth in Foreign Aviation Disasters and Evaluating the Case Steven C. Marks Podhurst Orseck, P.A Follow this and additional works at: https://ecollections.law.fiu.edu/lawreview Part of the Other Law Commons Online ISSN: 2643-7759 Recommended Citation Steven C. Marks, Sifting Through the Theories: Uncovering the Truth in Foreign Aviation Disasters and Evaluating the Case, 10 FIU L. Rev. 571 (2015). DOI: https://dx.doi.org/10.25148/lawrev.10.2.14 This Article is brought to you for free and open access by eCollections. It has been accepted for inclusion in FIU Law Review by an authorized editor of eCollections. For more information, please contact [email protected]. 11 - MARKS_FINAL_1.4.DOCX (DO NOT DELETE) 3/1/16 2:52 PM Sifting Through the Theories: Uncovering the Truth in Foreign Aviation Disasters and Evaluating the Case Steven C. Marks* I. INTRODUCTION A plaintiff’s path to resolution in foreign aviation disasters comes with unique challenges and pitfalls that even the most experienced litigator may not anticipate. Successfully litigating foreign aviation cases requires as much determination as it does specialized know-how and diligent preparation. Because of the extraordinary expense involved in financing an aviation case, it is imperative to analyze the cases from a bird’s-eye view to anticipate the challenges and avoid the all-too-common pitfalls ahead. This paper provides insight into how an aviation practitioner prepares and evaluates a foreign aviation case, and also provides a pre-trial road map to resolution. -
Sia Engineering Company Limited
SINGAPORE, 13 August 2020 - Mainboard-listed SIA Engineering Company Limited (“SIAEC”) refers to its announcement on 28 June 2020, announcing that it would evaluate the sustainability of its Thai line maintenance joint venture with NokScoot Airlines Co., Ltd (“NokScoot”), Line Maintenance Partnership (Thailand) Company Limited (“LMPT”), pending the outcome of the proposal for the dissolution of NokScoot. NokScoot’s shareholders have since approved the proposed dissolution of NokScoot on 14 July 2020. SIAEC wishes to announce that the board of directors of LMPT has passed a resolution to recommend the dissolution of LMPT to LMPT’s shareholders. LMPT’s shareholders will deliberate the proposal at a general meeting of LMPT to be held on 28 August 2020. The dissolution is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Group for the financial year ending 31 March 2021. None of the Directors and controlling shareholders of SIAEC has any interest, direct or indirect, in the transaction, other than through their shareholdings (if any) in SIAEC. * * * * * About SIA Engineering Company (Company Registration No. 198201025C) www.siaec.com.sg SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific. SIAEC has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at 35 airports in 7 countries, as well as airframe and component services on some of the most advanced and widely used commercial aircraft in the world. Apart from MRO services, SIAEC also offers a comprehensive and integrated suite of solutions under its fleet management services. -
SIAEC Annual Report
CORPORATE PROFILE Today, SIA Engineering provides TOTAL SUPPORT maintenance, repair and overhaul (MRO) services to an expanding client base of international air carriers. The Company combines specialised expertise developed over the years with extensive experience as an airline engineering service provider to offer a high level of service and commitment to its customers. In addition, SIA Engineering actively seeks alliances and partnerships with industry specialists and original equipment manufacturers to extend the breadth and depth of its services. Investments in both staff and processes have earned the Company the People Developer Award from SPRING Singapore, along with ISO 9002, ISO 14001 and ISO 18001 certifications, as well as approvals from 23 airworthiness authorities worldwide. 01 STATISTICAL HIGHLIGHTS FINANCIAL STATISTICS 2001-2002 2000-2001 % Change Group ($ million) Revenue 835.6 654.4 + 27.7 Interest income 5.7 7.7 - 26.0 841.3 662.1 + 27.1 Expenditure 631.9 539.9 + 17.0 Operating profit 209.4 122.2 + 71.4 Profit before tax 252.5 129.2 + 95.4 Profit attributable to shareholders 223.0 115.9 + 92.4 Share capital 100.0 100.0 – Distributable reserves 582.7 385.1 + 51.3 Shareholders’ funds 682.7 485.1 + 40.8 Return on shareholders’ funds (%) 38.2 26.3 + 11.9 points Total assets 906.2 731.7 + 23.8 Net liquid assets 279.0 187.6 + 48.7 Value added 536.1 458.0 + 17.1 Per Share Data Earnings before tax (cents) 25.3 12.9 + 95.4 02 • 03 Earnings after tax (cents) 22.3 11.6 + 92.4 Net tangible assets (cents) 68.3 48.5 + 40.8 Dividends Interim dividend (cents) 1.5 1.5 – Proposed final dividend (cents) 3.0 2.5 + 20.0 Company ($ million) Revenue 830.9 650.9 + 27.7 Interest income 5.7 7.7 - 26.0 836.6 658.6 + 27.0 Expenditure 627.7 536.2 + 17.1 Operating profit 208.9 122.4 + 70.6 Notes 1 SIA Engineering’s financial year is Profit before tax 216.0 127.4 + 69.6 from 1 April to 31 March. -
SIA Engineering Company and V-Australia
SIA Engineering Company to form Joint Venture with Moog Inc. SINGAPORE, 22 December 2016 - Mainboard-listed SIA Engineering Company Limited (“SIAEC” or the “Company”) announced that it has signed a Joint Venture Agreement with Moog Incorporated (“Moog”) to establish a joint venture to provide maintenance, repair and overhaul services for Moog’s products, which include components on flight control systems for new-generation aircraft, such as the Boeing 787 and the Airbus A350. The agreement is subject to regulatory approvals being obtained in the relevant jurisdictions. Under the agreement, Moog will have a 51% equity stake in the joint venture, with SIAEC holding the remaining 49%. The Singapore-based joint venture combines the expertise of Moog and SIAEC to provide component repair services to customers in Asia Pacific and beyond. Moog will develop the joint venture as its Centre of Excellence in Asia Pacific for Moog’s products on the Boeing 787 and the Airbus A350 aircraft. Mr Png Kim Chiang, Chief Executive Officer of SIAEC, said: “Our partnership with Moog, a world leader in flight control systems, will strengthen SIAEC’s capabilities on new-generation aircraft, adding to our comprehensive suite of services out of Singapore." Moog’s Aircraft Group President, Mr Mark Trabert, said: “Moog is very excited to be working with such an esteemed partner. The venture with SIAEC is an important part of our support strategy and will further enhance our world class support for airlines in this region.” The joint venture is not expected to have a material impact on SIAEC’s financial performance in FY2016/17.