We continue to look favourably upon SIAEC’s growth trajectory.
- The shortage of aircraft means more airlines must fly older planes, and Oliver Wyman expects this to drive a 2.7% compound annual growth rate (CAGR) for the MRO market over the next decade.
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- We also like that SIA Engineering has a foothold in the Indian market through its strategic partnership with Air India, and note that SIA Engineering has limited exposure to the Americas (4.7% of FY25 revenue), where the outlook is less certain in the near term.
New Comprehensive Services Agreements translate to a significant labour revenue step-up of 54.7% per annum.
- Read more at SGinvestors.io.