Singapore Technologie Commercial Aerospace business and SF Airlines have incorporated a new joint venture company in Ezhou, Hubei, China. The JVCo was set up with a registered capital of RMB100m (approximately S$19m). ST Engineering has a 60% stake in the JVCo, with the remaining 40% stake held by SF Airlines.
The JVCo will operate a greenfield airframe MRO facility at the Ezhou Huahu Airport to provide airframe Maintenance, Repair & Overhaul services to cargo and passenger airlines operating in the Asia region, including SF Airlines. The first hangar facility is estimated to be ready in 2025.
Jeffrey Lam, President of Commercial Aerospace at ST Engineering, commented: “China will be a strong growth driver for Asia’s commercial aerospace sector over the next decade. A presence in Hubei, China, will enhance our MRO network in Asia to better meet and capture the rising regional demand, while our strategic collaboration with an airline partner will enable us to start up a greenfield operation quickly.”
The setup of this JVCo is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
Tecnam has announced a landmark strategic partnership aimed at accelerating the growth of its P2012 aircraft family across the United States. Under the agreement, Finnoff has been appointed the exclus...
Foster Aviation, the Dubai-based provider of Advanced Air Mobility and aviation solutions, and Aeroberm, a Skyportz company and developer of the patented modular vertipad system, have announced a...
Rising production rates and the launch of new aircraft programs are driving increased demand for manufacturing capacity across the aerospace industry. To support this growth, FACC plans to i...
Etihad Airways has signed an interline agreement with Nigerian airline Ibom Air, enabling travellers to connect seamlessly beyond Lagos and Accra to five destinations across Nigeria on a single t...
