ST Aerospace announced that it has concluded joint venture (JV) discussions with Guangdong Airport Management Corporation (GAMC) to set up a commercial aircraft heavy maintenance facility in Guangzhou, China. The JV company, ST Aerospace (Guangzhou) Aviation Services Company Ltd, will have a total investment of US$99 million. ST Aerospace will own a 49 per cent stake of the JV company, while GAMC will own 51 per cent of the company. The facility is expected to begin operations in roughly two … [Read more...] about ST Aero forms MRO JV in Guangzhou