ST Aero injects capital into Guangzhou JV for expansion
This additional funding will support the joint venture’s expansion and business growth, ST Aero said.
May 9, 2016
By PLA Editor
Air & Cargo Services air cargo Air Cargo Asia air cargo freight Air Forwarding air freight Air Freight Asia Air Freight Logistics air freighter air freighting Air Logistics Asia Air Shipping Asia airlines cargo airways cargo asia cargo news cargo aviation Guangzhou Baiyun International Airport Singapore Technologies Aerospace ST Aero ST Aerospace (Guangzhou) Aviation Services
Singapore Technologies Aerospace Ltd (ST Aero) has injected its pro rata share of US$24.5 million as additional capital into its Guangzhou-based airframe maintenance, repair and overhaul joint venture company, ST Aerospace (Guangzhou) Aviation Services Company Limited. This additional funding will support the joint venture’s expansion and business growth, ST Aero said.
Operating out of the Guangzhou Baiyun International Airport since March 2014, ST Aero (Guangzhou) is a 49:51 joint venture between ST Aerospace and Guangdong Airport Authority, focusing on commercial airframe maintenance and modification services for a wide range of Airbus and Boeing aircraft.