STEng – BT
ST Aerospace wins 2 separate contracts worth a total of $48m
ST Engineering unit ST Aerospace has won two separate contracts worth a total of $48 million.
In China, the company has signed a US$21 (S$30.4) million deal to repair and maintain the Airbus A321 fleet of Shanghai Airlines.
The eight-year maintenance-by-the-hour deal, which starts in July, expands the scope of services ST Aero provides to Shanghai Airlines. The latter is currently already a maintenance, repair and overhaul (MRO) customer for engines and components.
ST Aerospace has also clinched a 9 million euro (S$18 million) maintenance deal with new Copenhagen-based regional airline Cimber Sterling.
The five-year contract is for component support for Cimber Sterling’s fleet of five B737NG planes. The airline flies to about 20 destinations around Europe.
Pudong-based Shanghai Airlines is one of the larger airlines in China by fleet size, with 55 planes flying domestic and international routes. The latest deal is the third area in which ST Aero is providing services to Shanghai Airlines.
ST Aero – which is the world’s largest air-frame maintenance and third party air-frame maintenance company, surpassing competitors Lufthansa Tecknik, Hong Kong’s HAECO and AirFrance-KLM – has six major global bases.
The company currently has a maintenance contract order book of just over S$11 billion.
Besides its two Singapore facilities – Sasco and STA Engineering – ST Aero’s MRO bases include ST Mobile Aerospace in Alabama, San Antonio Aerospace in Texas, Panama Aerospace Engineering and Shanghai Technologies Aerospace (Starco).
The company, which accounts for almost half of listed ST Engineering’s income, is also one of the world’s leading passenger-to-freighter (PTF) conversion outfits.
Besides, Starco, which is a 49 per cent joint venture with Shanghai-based China Eastern airlines, ST Aero’s China operations include Xiamen-based ST Aerospace Technology Company and its component logistics-focused Guangzhou Aerospace Technologies & Engineering Company.
In Europe, ST Aero’s facilities include Madrid Aerospace Services, which specialises in landing gear, ST Aerospace Solutions in Oslo and Airlines Rotables in London.