• Skip to main content
  • Skip to primary sidebar

Ad – Bottom Content

Payload Asia

ST Engineering makes headway in the US market

Payload Asia

Leaderboard

  • Home
  • Latest News
  • Channels 
    • Carriers
    • Aircraft Manufacturers
    • Airports
    • Courier & Mail
    • Freight Forwarders
    • Express
    • Ground Handling & Cargo Terminals
    • Logistics
  • 11th Payload Asia Awards
    • Winners Circle – 11th PLA Awards
    • About
    • Categories
    • 10th Payload Asia Awards
    • Winners Circle – 9th PLA Awards
    • Winners Circle – 10th PLA Awards
    • Awards Gallery
  • Subscribe
  • Advertise
  • More 
    • Event Calendar
    • Directory
    • Contact Us
Share

ST Engineering makes headway in the US market

December 1, 2022 by PLA Editor

In an interview, Jeffrey Lam, Commercial Aerospace President at ST Engineering, talks to Payload Asia about its biggest market outside Singapore and what the prospects are for the aerospace company amidst the current business environment.

Can you tell us about your US operations? What makes it a key market for ST Engineering?
ST Engineering’s operations span over 50 cities in 23 states in the US, providing innovative products and solutions to commercial and government customers across diverse market segments from aerospace, smart city to defense and public security. The US is the Group’s largest market outside Singapore.

ST Engineering’s aerospace operations in the US comprise three airframe MRO facilities in Florida, Texas and Alabama, an engine nacelle centre of excellence and an engine wash solutions provider. It is one of the largest airframe MRO solutions providers, if not the largest in the region, catering to a wide clientele including airlines, freight forwarders and aircraft lessors.

ST Engineering is very active in introducing scholarship and training programmes in aerospace. How important are these programmes in ensuring that the next batch of engineers are well adept? Are there any skill gaps that need to be addressed?

Given the current mechanics shortage in the industry, scholarships and training programmes are important not only in attracting but also retaining talent by way of a rewarding career path. Working with airlines customers on some of these traineeship or on-the-job training programmes also help ensure that the trainees are exposed to the latest requirements and MRO work so that they pick up relevant skills that match market demands.

With very tight competition in the US market, do you see more demand for aircraft cargo conversions? What’s the outlook?
Amid global macroeconomic pressures, 2022 is still shaping up as one of the air cargo industry’s strongest years with cargo revenues nearly double those before the pandemic according to IATA. Cargo volumes are projected to rise this year even as cargo yield moderates with the additional belly capacity from passenger aircraft returning to service. We hence remain positive on the demand outlook for freighter conversion.

Amongst your other products and services, which of them do you foresee will see increased demand based on the current macro environment?
With e-commerce here to stay, we foresee the growth of our freighter conversion business to continue strong in the near to mid-term before moderating to a steady state level. The other key business that we expect to pick up is MRO, which in the near term will be driven by flying activities recovering to the pre-pandemic levels. Over the longer term, as the global middle-class population expands, air travel demand is expected to also increase, leading to higher demand for MRO services.

Other Topics: freighter conversions, MRO services, ST Engineering

Related Articles

  • ST Engineering secures contracts with major Middle Eastern operators for CFM56-7B and LEAP-1A engine maintenance
  • ST Engineering secures contract with Korean Air to provide LEAP-1B engine maintenance
  • ST Engineering secures exclusive contract with Akasa Air for LEAP-1B engine maintenance
  • EFW expands service offerings with Continuing Airworthiness Management Organisation approval
  • ST Engineering to develop new hangar facility in Singapore
  • DHL Express orders Mammoth-converted freighters

Ad – After Content

Primary Sidebar

Trending News

  • China Airlines orders next-generation 777X passenger and cargo aircraft from Boeing for major capacity boost 144 views

  • CEVA Logistics announces new strategic warehouse in Singapore 124 views

  • FedEx doubles down on digital innovation in Asia Pacific with new Import Tool 116 views

  • DHL Supply Chain strengthens its offering to small and midsize companies with acquisition of e-commerce and retail logistics specialist IDS Fulfillment 113 views

Payload Asia Awards

Subscribe To
Our Newsletter



Payload Asia continues to be the authoritative source for informative, accurate and up-to-date news and information on the air cargo industry and related sectors.

With its updated and refreshed look the online edition continues to provide high quality coverage on the Asia-Pacific, India-Middle East, Europe-CIS, North & South America and Africa air cargo markets.

© 2024 Harvest Information. All rights reserved. Privacy Policy

Partner Sites : Asia Food Journal and Television Asia Plus .

We use cookies and similar technologies to improve your browsing experience.
Continuing to use this site means you agree to our use of cookies. I agreeRead More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non Necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

Analytics

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.

Performance

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement

Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.

Save & Accept

Stay Updated!

Subscribe now to receive the latest news, updates, and exclusive insights. Don’t miss out!

 

By submitting this form, you consent to receive marketing emails from Payload Asia. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Disclaimer: Translations on this website are automated using Google Translate. While we strive for accuracy, please be cautious, as machine translations may contain errors. For critical or sensitive content, consider seeking professional human translation. We are not liable for any reliance on the translated content.

1