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

Mississauga Welcomes new Bombardier Global Manufacturing Centre

Mississauga will be home to a new global manufacturing centre for its Global business jets. The 41.2 acre facility will be located on Toronto Pearson Lands. "Mississauga is...

Top Festive Destinations Revealed by Cathay Pacific

The festive season is here, and Cathay Pacific has curated its list of top destinations for travel this December, with Cebu, Osaka Beijing, Shanghai, Tokyo and Incheon topping the must visit spots....

China Airlines Selects Pratt & Whitney GTF™ Engines to power order of up to 30 A321neo Aircraft

Pratt & Whitney and China Airlines announced selection of the Pratt & Whitney GTF™ engine to power an order of up to 30 Airbus A321neo aircraft. The order includes 25 firm A321neo a...

The Air Charter Association looks back on what is done in 2019

The Air Charter Association is holding its final Council meeting of 2019 on December 11th. This will be a time to reflect on the major steps forward the Association has made this year; the year of its...