ST Aerospace announced recently it has signed another component support programme – this time with Icelandic operator, Primera Air. Worth US$32.5 million, the programme is for the maintenance, repair and overhaul (MRO) of its landing gears over five years and an eight-year comprehensive component Maintenance-By-the-Hour programme that includes parts exchange, MRO, component engineering services and logistics. Commencing immediately, these contracts are to support the … [Read more...] about ST Aero wins Primera Air contract
ST Aerospace
ST Aero sees 39% drop in H1 profit
ST Aerospace cited “sporadic reduction of work by customers†and “strong competition†as effects of the industry downturn which saw it post a net profi t for the first half of 2009 down 39 per cent year-on-year to S$60.9 million (US$42.5 million). Quarter-on-quarter the result was up 53 per cent on a 9 per cent rise in revenue, in the second quarter, compared to the first. More Boeing 757 freighter conversion redeliveries and completions for its engineering and … [Read more...] about ST Aero sees 39% drop in H1 profit
ST Aerospace sees 57% drop in Q1 profit
Singapore Technologies Aerospace (ST Aerospace) has reported a 57 per cent decline in net profit to S$27.4 million (US$18.5 million) for the first quarter 2009 compared with the year-ago period. On a quarter-on-quarter basis, profit was down 30 per cent from the fourth quarter of 2008. Turnover was down marginally by 2 per cent for the first quarter, year-on-year, to S$459 million. … [Read more...] about ST Aerospace sees 57% drop in Q1 profit
