Singapore Airlines has the biggets hangar in the world. Now it will break that record with another hanger! Hoorah! My friends we have come to a new age!
SIA Eng launches third Singapore hangar
SINGAPORE, Jan 31 (Reuters) - SIA Engineering Co, a unit of Singapore Airlines (Singapore: SIAL.SI - news) Ltd , on Wednesday launched its third maintenance hangar at Singapore's Changi Airport.
The S$25 million ($14.3 million) hangar will increase the firm's airframe maintenance and overhaul capacity by about 15 percent and allow it to accomodate aircraft such as the Boeing 777 and 747-400 and the Airbus A340-500/600.
SIA Engineering plans to invest S$80 million to S$90 million over the next two years in two more hangars to meet projected capacity requirements, president and chief operating officer Mervyn Sirisena said in a statement.
The two additional hangars are expected to be ready in 2002 and 2003, increasing capacity by 30 percent and allowing the company to accomodate the new Airbus super jumbo A380.
The firm said its order books were full for the year ending in March 2001 and that external airframe overhaul work in the next financial year was already more than 80 percent committed.
The majority of the contracts ranged from two to five years.
SIA Engineering shares were up seven cents to S$1.30 on Wednesday afternoon. (Quite cheap. I should invest in them as well)
Anyone can fly, only the best Soar.