Saturday 21 Dec 2024
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SINGAPORE (Dec 21): SIA Engineering Company (SIAEC) has announced on Wednesday (Dec 20) that its wholly owned subsidiary Base Maintenance Malaysia has entered into a 15-year agreement with Impeccable Vintage Properties (IVP) for the lease of two hangars at Sultan Abdul Aziz Shah Airport in Selangor, Malaysia, with an option to renew it for a further term of 15 years.

SIAEC had previously signed a non-binding memorandum of understanding (MOU) with IVP, a wholly owned subsidiary of Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, on April 5, 2022, for the potential lease of the hangars.

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