SIAEC Completes 30% Stake Acquisition in Arport AME Fujian

SIA Engineering Company Limited (SIAEC) has finalized the acquisition of a 30% equity stake in Arport Aircraft Maintenance & Engineering (Fujian) Co., Ltd. (Arport AME) through its wholly-owned subsidiary, officially establishing a new maintenance, repair, and overhaul (MRO) joint venture in East China.

In a press release issued on August 26, 2026, SIAEC confirmed the completion of the transaction, which expands the company’s footprint in the Asia-Pacific region. The joint venture partners SIAEC with Xiamen Iport Group (IPORT Group) to capture growing commercial aviation maintenance demand across Fujian province.

Transaction details and equity structure

The finalization follows a public tender administered by the Xiamen Equity Exchange Centre, which SIAEC won in March 2026. According to historical reporting by Aviation Business News, SIAEC paid a subscription consideration of RMB 129 million for the shareholding.

Following the completion, Arport (Xiamen) International Airport Co., Ltd. retains a 38.5% stake in the enlarged share capital, while Arport (Fuzhou) International Airport Co., Ltd. holds the remaining 31.5%. SIAEC stated that the transaction is not expected to have a material impact on its consolidated net tangible assets or earnings per share for the financial year ending March 31, 2027.

Operational scope in Fujian province

The newly formalized joint venture will provide line maintenance and ground services across a network of regional airports. Operations will cover facilities in Xiamen, Fuzhou, Wuyishan, and Longyan.

Beyond immediate line maintenance capabilities, Arport AME is positioning itself for future base maintenance operations. The joint venture plans to offer base maintenance services at the upcoming Xiamen Xiang’an airport, targeting both domestic and international carriers operating within the East China market.

AirPro News analysis

We view this finalized joint venture as a calculated expansion by SIAEC into a high-growth regional market. By partnering with IPORT Group, which already controls the primary airport infrastructure in Fujian, SIAEC secures immediate operational access without the friction of building a network from scratch. The multi-year timeline from the initial September 2023 memorandum of understanding to this final completion highlights the regulatory and structural complexities of establishing foreign-backed MRO entities in China. The inclusion of base maintenance at the future Xiamen Xiang’an airport indicates a long-term strategy to capture heavy maintenance contracts rather than relying solely on transit line maintenance.

Sources: SIA Engineering Company Limited