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SIA Engineering Company Ltd. said on Wednesday it has teamed up with the Philippines' Cebu Pacific Air to establish a maintenance facility at Clark Airport north of Manila.
Under a memorandum of understanding, SIA Engineering will hold 65 per cent of the joint venture and Cebu Pacific Air will own the remaining 35 per cent, the Singapore firm said in a statement.
The joint venture plans to construct three aircraft hangars over a period of three years to provide heavy and light maintenance, repair and overhaul services for Cebu Pacific and other carriers.
SIA Engineering is a subsidiary of Singapore Airlines, while Cebu Pacific is a low-fare carrier owned by the family of Filipino tycoon John Gokongwei.
Singapore budget carrier Tiger Airways and Malaysia's AirAsia both fly to Clark Airport, a former US Air Force base north of Manila.
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