ST Aerospace terminates JV with Wings Capital Partners

It aims to reorganise its aircraft leasing business.

ST Engineering’s aerospace division vowed to continue to pounce on opportunities created by global aircraft fleet expansion and renewal. Its decision to curtail the JV was a result of differing views on strategic focus and operational plans.

According to a report by ST Engineering, the rerouting would enable ST Aerospace to "build up a portfolio of mid-life and end-of-life aircraft assets focused on Airbus A320 and Boeing 737NG family."

"This has led ST Aerospace Resources to incorporate Keystone Holdings (Global) Pte. Ltd., a subsidiary based in Singapore, with a paid up capital of US$10 (approximately S$14)," the report said.

"Keystone Holdings serves as a holding company for aircraft leasing investments, and it plans to incorporate new subsidiaries in various geographies to support its projected portfolio purchase of aircraft which are currently on lease to global airlines," the report added.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia