ST Engineering Sets Up Airframe MRO JV

Singapore Technologies Engineering Ltd (ST Engineering) announced that its Commercial Aerospace business and SF Airlines Co, Ltd (SF Airlines) have incorporated a new joint venture company (JVCo) in Ezhou, Hubei, China. The JVCo was set up with a registered capital of RMB100m (approximately S$19m). ST Engineering has a 60 per cent stake in the JVCo, with the remaining 40 per cent 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 (MRO) 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.