SIA Engineering Company Limited (SIAEC) announced the signing of an Inventory Technical Management (ITM) Services Agreement with VietJet Air, a low-cost airline based in Hanoi. The five-year contract, covering VietJet's fleet of six A320 aircraft, will see SIAEC providing a wide spectrum of ITM services, including spares pooling and support, as well as component repair and overhaul.

ITM forms a key portion of the comprehensive service offerings under SIAEC's Fleet Management Programme (FMP). With VietJet Air, SIAEC now services 13 airlines under its FMP business, with a fleet coverage of more than 160 aircraft. More than half of the FMP fleet is operated by non-SIA airlines, spanning across Asia, Middle East, Australia and the United States.

Mr Luu Duc Khanh, Managing Director of VietJet Air, said: "The ITM Services Agreement marks a milestone in VietJet Air partnership not only with SIAEC but also its Group as a whole. A partner with integrity in the aviation industry will be a guiding and motivating factor for VietJet Air growing from strength to strength."