HAESL and SAESL are in the business of maintenance, repair and overhaul ( MRO ) of Rolls- Royce civil large aero engines and components, operating out of Hong Kong and Singapore respectively.
Currently, SAESL is owned 50% by SIAEC, 30% by RRS and 20% by HAESL, and HAESL is owned 45% by HAECO, 45% by RROH and 10% by SIAEC.
HAESL is currently a joint venture with Hong Kong Aircraft Engineering Company Limited and SIA Engineering Company Limited; SAESL is currently a joint venture with SIA Engineering Company Limited and Hong Kong Aero Engine Services Limited; and N3 a joint venture with Lufthansa Technik AG.
These new agreements will also simplify the shareholding structure and management of HAESL and SAESL with each becoming 50/50 joint ventures with two shareholders (from three today).
We will continue to position SAESL to compete on a wider scale for the global Trent engine aftermarket business.
So far SAESL, a Trent Centre of Excellence, has carried out overhauling of more than 2,000 wide body aircraft engines.
As part of the newly forged engineering partnership, Tata Technologies will offer a dedicated fleet of experts having proficiencies in the designing of numerous ground support and ground handling equipment, process engineering and technology optimization for the Rolls-Royce Trent engine types, overhauling of which will be carried out at SAESL.
He added, The focus of the Joint Lab is to allow the partners to co-develop technologies which will eventually be adopted on-site at Rolls-Royces and SAESLs
facilities to improve productivity, save costs and enhance competitiveness.
The technologies developed will ultimately be used on site at Rolls-Royce and SAESL
The completion simplifies the shareholding structure and management of HAESL and SAESL. The former will become a 50/50 joint venture between Rolls-Royce and HAECO, the latter a 50/50 joint venture between Rolls-Royce and SIAEC.
In addition to SAESL, Rolls-Royce and SIAEC have a second joint venture in Singapore, International Engine Component Overhaul Pte Ltd (IECO), which overhauls and repairs aero engine components.