You can read in the Far East forum, SIAEC have problems keeping contract LAEs as the rates are so low, I think currently they pay around Sing$ 47 an hour and minimum, 176 hours a month. As a connie your perks are virtually nil, no staff travel, no provident fund etc etc. Also no training as a connie, but maybe as direct hire they would offer something.
My guess is this is SIAEC attempt to hire direct staff, they used to do it a few years back, but the HR department could not cope, hence they went the contract staff route via local agencies.
Singapore is a great place to live, nice quality of life, but not sure what being direct hire to SIAEC would be like. They are a lumbering typical semi-government airline, too many chiefs and not enough indians.