Singapore Technologies Engineering Ltd (ST Engineering) today announced that its aerospace arm - ST Aero - has secured new contracts worth $520 million (US$373.4) in the third quarter (3Q) of 2016, for various projects ranging from line and airframe maintenance to component repair and overhaul. The total contract value above includes the P2F (passenger-to-freighter) conversion of four Airbus A330-300 for DHL Express, announced in July. The first aircraft has been inducted into EFW, ST … [Read more...] about ST Aero secures $520 million in 3Q contracts
ST Aero
ST Aero injects capital into Guangzhou JV for expansion
Singapore Technologies Aerospace Ltd (ST Aero) has injected its pro rata share of US$24.5 million as additional capital into its Guangzhou-based airframe maintenance, repair and overhaul joint venture company, ST Aerospace (Guangzhou) Aviation Services Company Limited. This additional funding will support the joint venture’s expansion and business growth, ST Aero said. Operating out of the Guangzhou Baiyun International Airport since March 2014, ST Aero (Guangzhou) is a 49:51 joint venture … [Read more...] about ST Aero injects capital into Guangzhou JV for expansion
