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SIA Engineering Company and GE Aviation signed a joint venture, 51% owned by GE and 49% by SIAEC, to form an engine overhaul company based in Singapore for GE90 and GE9X engines.
“The joint venture, which will be 51 per cent owned by GE and 49 per cent by SIAEC”straitstimes.com
Summarized from public sources; check the original articles before acting on it.