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

St Maarten, St Croix moving forward with airport reconstruction efforts

By Aviation industry analyst Seth Miller Nearly six months after parts of the Caribbean were ravaged by Hurricanes Irma & Maria the situation remains far from normal. Or perhaps it should simpl...

Daher's Model Year 2018 TBMs introduce heated seats for enhanced comfort

Daher announced new features for its 2018 production TBM 910s and TBM 930s, including the first electrically-heated seats for an aircraft in its single-engine turboprop category. Building on the ca...

Demand for private jets to grow in 2018

According to IATA, the number of travellers will continue to rise in 2018. Airline passenger numbers are expected to increase to 4.3 billion. So airlines should also expect growth in the number of new...

RUAG first in Europe to complete 2020 ADS-B avionics compliance modification on Bombardier Challenger CL601

RUAG Aviation has successfully upgraded the avionics baseline of a Bombardier Challenger CL601 to comply with regulatory mandates for 2020 and beyond. The first upgrade of this kind completed in Europ...