Singapore is starting a pilot on the use of sustainable aviation fuel as the Civil Aviation Authority of Singapore (CAAS), Singapore Airlines, and investment firm Temasek selected ExxonMobil as supplier. Under the pilot, SIA will purchase blended SAF from ExxonMobil, comprising 1.25 million litres of neat SAF or sustainable fuels that are unmixed or undiluted. The fuel, produced from used cooking oil and waste animal fats, will be supplied by Neste, and blended with refined jet fuel at … [Read more...] about Singapore Airlines orders blended SAF for pilot trials
Temasek
ST Engineering, Temasek set up cargo jet leasing venture
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
Temasek and Kuehne + Nagel to create joint venture
Temasek, a Singapore headquartered investment company, and Kuehne + Nagel, a leading global logistics group, signed a Memorandum of Understanding to establish a joint venture to invest globally in early stage companies developing cutting-edge technology for logistics and supply chains. Dr. Joerg Wolle, Chairman Kuehne + Nagel International AG: “This joint venture will be able to accelerate the transformation of the logistics industry. The cooperation combines Temasek’s focused and … [Read more...] about Temasek and Kuehne + Nagel to create joint venture
