But a subsequent agreement signed in April extended the contract to cover an additional four Airbus A330s, one A320 and increased scope of services. The incremental value of the contract extension amounts to US$35 million, bringing the total value of the contracts with Gulf Air to $135 million over a 3-year period.
SIAEC’s fleet management customer base comprises nine airlines with a total fleet size of 175 aircraft, out of which 111 are currently in service and the remainder scheduled for delivery within the next five years.