ST Aerospace is in talks with Changi Airport Group over its expansion plans at the Singapore airport.
The Singapore-based MRO firm already has two hangars at Changi airport, one capable of accommodating six widebodies and the other two narrowbodies.
However, it is aiming to build an Airbus A380-capable widebody hangar and to grow its line maintenance business in Singapore, in line with Changi's expansion plans to cope with traffic growth in the years to come.
"If the economics makes sense, our first preference is to see how we can expand in Changi. Changi is a main international hub, we want to see how we can expand there, in line with the national plan for a third runway. When there's increased traffic, there will be a need for more services," ST Aero's president Chang Cheow Teck told Flightglobal Pro in a recent interview.
"Ideally, we'll like to be a substantive line maintenance player. It makes a lot of sense for us to be in Changi because airlines don't have to reposition their aircraft," Chang said.
He added that the MRO firm's hangars at the airport are "very well utilised" and that it is also trying to get more support from the Singapore government for its growth at the city-state's main airport.
"We're now looking at expanding on the other side of the runway. We want to build an A380-capable hangar. Singapore is an international hub, there are going to be many A380s flying here," Chang said.
In the longer term, the MRO firm could also relocate some of its "lower value-add" businesses to other countries in the region where costs could be kept low, he noted.
Singapore is building a fourth terminal to accommodate the operations of low-cost carriers and full-service carriers operating short-haul flights.
The inter-agency Changi 2036 Steering Committee is also working on plans for a fifth terminal and has recommended that Changi's third runway be readied for civil co-use as soon as possible, which is expected to be before the end of the decade.