SIA Engineering expects ‘moderate’ impact from Middle East war – for now
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SIA Engineering anticipates a moderate impact from the ongoing Middle East conflict, despite facing rising electricity and diesel costs. CEO Chin Yau Seng stated that the effects will be largely muted due to the company's size. However, reduced flight operations due to soaring jet fuel prices may negatively affect their line maintenance business. The company plans to pass on some costs to airline customers during contract renewals to alleviate financial pressures.
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