SIA Engineering Co. and Boeing have created a joint venture (JV) to provide fleet management services to airlines in Asia-Pacific and beyond. The JV—which will support 737s, 747s, 777s and 787s—is expected to close by end of 2014, subject to regulatory approvals. Boeing will hold a 51% equity stake and SIA Engineering will hold 49%. “The joint venture will be a game changer for the airline industry,” SIA Engineering CEO William Tan said. “It will set new ...

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