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.
The company says that its entry into...(click on link for full story on theedgesingapore.com)