$S59.SG$ SIA Engineering has announced that it has entered i...
SIA Engineering has announced that it has entered into an agreement with Pratt and Whitney to exit from the PW1500G engine risk-revenue sharing programme (RRSP) that was held through SIAEC’s wholly-owned subsidiary NexGen Network (2) Holding (NGN2). Upon exiting the RRSP, SIAEC will write off S$25.1 million of net assets associated with the programme, which was previously known as the CSeries aircraft engine programme.
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