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By Alfred Chua2021-07-26T02:42:00+01:00 SIA Engineering narrowed its quarterly operating loss on the back of higher revenue and continued governmental support, though it warns that the “trajectory for a sustained recovery” remains unclear.  The Singapore Airlines MRO unit adds that while it has seen an increase in flight volume from Singapore-based carriers, “any meaningful increase in flight frequencies is not expected to materialise in the short term”.  Source: SIA Engineering For the three months ended 30 June, SIAEC was S$2.9 million ($2.1 million) in the red, compared to the ...

Pictured are some of the Cummins Inc. vehicles powered with alternative energy. Photo courtesy Cummins.com Private companies like Cummins Inc. are rushing to meet governments’ demands for energy efficient vehicles — but they need government to fulfill its end of the equation, too. Tom Linebarger, Cummins CEO, said during a conference call earlier this week that the company continues to work hard on its transition from diesel engines to hybrid engines that don’t emit any carbon dioxide. While Cummins is working with its customers to meet changing government requirements, the company is...

By Alfred Chua2021-05-05T01:57:00+01:00 SIA Engineering fell into the red for its full-year financial results, saying that the aerospace industry’s path to recovery is “still fraught with risks”, including the emergence of new coronavirus strains and a resurgence in virus cases.  The MRO unit of flag carrier Singapore Airlines reported an operating loss of S$25 million ($18.7 million) for the year ended 31 March, on the back of a collapse in maintenance activities.  Source: SIA Engineering SIAEC was S$25 million in the red for the full year. SIAEC discloses that its line maintenance...

The maintenance, repair and overhaul sector has been battered as the travel industry came to a halt because of the COVID-19 pandemic. SIA ...