Agence France-Presse

SINGAPORE - SIA Engineering Company Ltd. said Wednesday it has teamed up with the Philippines' Cebu Pacific Air to establish a maintenance facility at Clark Airport north of Manila.

Under a memorandum of understanding, SIA Engineering will hold 65 percent of the joint venture and Cebu Pacific Air will own the remaining 35 percent, the Singapore firm said in a statement.

The joint venture plans to construct three aircraft hangars over a period of three years to provide heavy and light maintenance, repair and overhaul services for Cebu Pacific and other carriers.

SIA Engineering is a subsidiary of Singapore Airlines, while Cebu Pacific is a low-fare carrier owned by the family of Filipino tycoon John Gokongwei.

Singapore budget carrier Tiger Airways and Malaysia's AirAsia both fly to Clark Airport, a former US Air Force base north of Manila.