50 SKY SHADES - World aviation news

ST Engineering Sets Up Subsidiary for VIP Completion Business

Download: Printable PDF Date: 02 Oct 2017 10:21 categories:
Publisher:
ST Engineering Sets Up Subsidiary for VIP Completion Business - Maintenance / Trainings publisher
Tatjana Obrazcova
Country: Singapore Aircraft: Drones

Singapore Technologies Engineering Ltd (ST Engineering) announced that its aerospace sector’s VIP completion and refurbishment business division based in San Antonio, US has been incorporated as a subsidiary, AERIA Luxury Interiors, LLC (AERIA) by VT San Antonio Aerospace, Inc. (VT SAA) with a paid-up capital of US$1. As an incorporated company, AERIA will tailor its processes to be focused on the completion business, thereby increasing its competitiveness.

With the incorporation, AERIA will also start to operate under its own Part 145 Repair Station certificate issued by the Federal Aviation Administration (FAA) instead of operating under parent company VT SAA’s certificate. Establishing an independent FAA repair certification allows AERIA to streamline its completion process, and expedite its maintenance, refurbishment and completion contracts in the most efficient way possible. At the same time, as AERIA remains a part of VT SAA’s facility and ST Aerospace’s global network, it will continue to leverage and benefit from the synergy in operations and marketing.

Specialising in the completion and refurbishment of both Airbus and Boeing jets, AERIA is located in San Antonio, Texas – the birthplace of large aircraft VIP completion – where it has access to skilled craftsmen, a pool of highly trained engineering talent as well as a cluster of supporting businesses in the region. It recently completed a 14,000-sqft expansion of its facilities with a new cabinet and upholstery shop as well as an additional building for the design, sales and marketing teams complete with a design showroom for an improved customer experience.

The VIP completion and refurbishment business has been building a successful track record since 2012 based on its strong in-house design and outfitting expertise, and completed over 20 various projects including interior refurbishments, heavy maintenance and avionic upgrades for VIP aircraft.

The setting up of the new company 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.

Image result for ST Engineering  VIP Completion Business



Loading comments for ST Engineering Sets Up Subsidiary for VIP Completion Business...


Recommended

Eight New Qatar Airways Destinations revealed at Kuwait Aviation Show 2020

Eight additional destinations to join the airline’s network in 2020: Nur-Sultan and Almaty, Kazakhstan; Cebu, Philippines; Accra, Ghana; Trabzon, Turkey; Luanda, Angola; Lyon, France and Siem Re...

Etihad targets zero net carbon emissions by 2050

Etihad Airways committed to a minimum target of zero net carbon emissions by 2050 and halving of its 2019 net emission levels by 2035.The company’s ambitious environmental targets will be a...

Milano Prime 2019 traffic growth numbers are more than impressive

Business&General Aviation traffic in Milan in December in the two airports managed by Milano Prime – Linate Prime and Malpensa Prime - registered an overall growth of 19.4%. The gr...

Liebherr Aerospace Brasil partners PTI Technologies

Liebherr Aerospace Brasil entered a new partnership with PTI Technologies and signed a contract to become the supplier of hydraulic manifolds for Embraer’s latest aircraft. Liebhe...