PHNOM PENH: Cambodia Airport Investment Co., Ltd. (CAIC) and Singapore’s SIA Engineering Company Limited (SIAEC) have entered an agreement to form a line maintenance joint venture at the Techo International Airport (TIA) which is scheduled to operate in 2025.
The agreement was signed here on May 30 by Oknha Dr. Pung Kheav Se, Chairman of CAIC, and Mr. Ng Chin Hwee, Chief Executive Officer of SIAEC under the witness of H.E. Mao Havannall, Minister in charge of the State Secretariat of Civil Aviation.
The joint venture will complement SIAEC’s existing network of Line Maintenance International stations. With SIAEC’s engineering capabilities and operations know-how from its LMI network, the joint venture is expected to develop into a regional aircraft maintenance, repair, and overhaul (MRO) hub in TIA.
Oknha Dr. Pung Kheav Se expressed the CAIC’s delight to form this partnership with SIAEC, saying that it will transfer technical competencies and aligned work practices with SIAEC which are crucial for the long-term success of this joint venture, which will, in turn, create more high-value job opportunities for our local workforce.
“We are undoubtedly excited about the prospects and very confident that this strategic partnership will exceed all expectations,” he said.
The joint venture will provide comprehensive line maintenance support with a high level of reliability and quality engineering services to the airlines operating in TIA, Mr. Ng Chin Hwee.
“It will strengthen SIAEC’s position as a leading line maintenance provider while offering high quality and efficient maintenance services to valued customers at more overseas locations,” he said.
TIA (Phase 1) is a greenfield airport being developed in southern Phnom Penh, about 20 kilometers from the city center, with a total investment budget of US$1.5 billion.
TIA, to be developed in three phases, is designed for 50 million passengers, with three runways and a satellite terminal across a total land area of 2,600 hectares.
The TIA construction now reached about 50 percent of completion and is scheduled to inaugurate in early 2025.