SIA Engineering's US$118M JV with Safran is the kind of deal income investors should like. Engine MRO is sticky, recurring revenue, and a dedicated CFM Leap shop ties SIA Eng to the fastest-growing part of the narrowbody fleet for years. For my dividend portfolio, what I care about is whether this lifts the recurring earnings base enough to support and grow the payout over time. It is not a flashy AI trade, it is a steady industrial compounder benefiting from a structural travel and fleet-renewal tailwind. I would rather own boring, cash-generative businesses like this than chase the hot name of the week.
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