Press release In continued support of the local community and aviation industry in Escambia County, Florida, ST Engineering today announced the expansion of the Pensacola Mayor’s Scholarship, from four to eight recipients each year starting 2022. Successful applicants of the scholarship will receive US$2,500 each, to be used in support of their education in an aviation-related post-secondary program. The scholarship will be awarded based on the applicant’s academic performance and financial … [Read more...] about ST Engineering hands out more scholarships in Florida
ST Engineering
ST Engineering names new boss for North America unit
Press release ST Engineering this week announced the appointment of Timothy (Tim) J. McBride as president of ST Engineering North America for its US headquarters in Alexandria, VA, effective 1 November. The US is the Group’s single largest market outside of Singapore, and contributes about a quarter of total revenue. “We are delighted to have Tim join our senior management team at an important phase of ST Engineering’s growth journey. Tim brings with him a deep understanding of the … [Read more...] about ST Engineering names new boss for North America unit
ST Engineering secures engine MRO contracts with airlines
ST Engineering this week announced two new engine MRO contracts with airlines, underscoring its value proposition of providing flexible solutions to its airline partners. The company will extended an existing one to an exclusive five-year contract with Alaska Airlines and provide heavy maintenance on the CFM56-7B engines of 14 Boeing 737-700 and 12 Boeing 737-900 aircraft. Services will be provided starting next year at its facilities in Singapore. The second is another engine heavy … [Read more...] about ST Engineering secures engine MRO contracts with airlines
Air cargo brings the party to conversions, aircraft leasing
The relentless growth of e-commerce and a change in consumer behaviour, with more people buying online has created what some would say a renewed interest in purchasing freighters and converting older passenger aircraft for cargo use. Whilst reports say 90 percent of freighters around the globe are Boeing jets, Airbus thinks its conversion programme for the widebody A330 and narrowbody jets like the A321 and A320 is set to take a piece of the former’s share in freighter operations … [Read more...] about Air cargo brings the party to conversions, aircraft leasing
ST Engineering to lease five A321P2Fs to GlobalX
Global Crossing Airlines, also known as GlobalX, has signed up for five A321P2F conversion from ST Engineering, as the US-based startup charter service dips into the air freight market. ST Engineering, through its aviation asset management unit, will acquire five Airbus A321 passenger aircraft on its own or through joint venture companies and will provide maintenance services over the period of lease. The A321 feedstock will be converted and maintained at ST Engineering’s global … [Read more...] about ST Engineering to lease five A321P2Fs to GlobalX
ST Engineering, Temasek set up cargo jet leasing venture
ST Engineering last week announced that its wholly owned aviation asset management unit has entered into an agreement with Singaporean holdings company Temasek to set up a 50-50 joint venture (JV) for cargo aircraft leasing. The move comes as e-commerce and air cargo volumes have resulted to a growing demand for freighter aircraft. The company expects to purchase passenger plane feedstock at lower prices with itention to finance older aircraft through a mix of equity and debt. It plans to … [Read more...] about ST Engineering, Temasek set up cargo jet leasing venture