ST Engineering last week announced that its wholly owned aviation asset management unit has entered into an agreement with Singaporean holdings company Temasek to set up a 50-50 joint venture (JV) for cargo aircraft leasing. The move comes as e-commerce and air cargo volumes have resulted to a growing demand for freighter aircraft. The company expects to purchase passenger plane feedstock at lower prices with itention to finance older aircraft through a mix of equity and debt. It plans to … [Read more...] about ST Engineering, Temasek set up cargo jet leasing venture