SIAEC will hold 49 per cent and Saigon Ground Services, a subsidiary of Southern Airports Corp., will hold a 51 per cent stake in the JV.
SIAEC’s line maintenance network in Asia-Pacific currently extends to 40 airports and the group has 23 joint ventures around the world with airlines outside the SIA group contributing 75 per cent of the company’s revenue in the 2007-08 fiscal year.