11 May 2020 SIA Engineering FY19/20 Result update
(click for ppt)
Inter event of a recovery, the extent and pace of recovery of the aviation industr will be a key factor driving the recovery of SIA Engineering business volumes
Immediate to Medium Term:
1. Line Maintenance
2. Line Maintenance JVs
3. Fleet Management
4. Engine and component JVs
5. Base Maintenance
Financial Position
Taken actions to mitigate the adverse financial impact and protect jobs
Defer non-critical expenditures
Salary cuts for Management and staff from March 2020
Balance sheet remains strong with low borrowings
Measures taken to maintain adequate liquidity
Stay home and stay healthy, everyone
(click for ppt)
Inter event of a recovery, the extent and pace of recovery of the aviation industr will be a key factor driving the recovery of SIA Engineering business volumes
Immediate to Medium Term:
1. Line Maintenance
2. Line Maintenance JVs
3. Fleet Management
4. Engine and component JVs
5. Base Maintenance
Financial Position
Taken actions to mitigate the adverse financial impact and protect jobs
Defer non-critical expenditures
Salary cuts for Management and staff from March 2020
Balance sheet remains strong with low borrowings
Measures taken to maintain adequate liquidity
Stay home and stay healthy, everyone