STEng – CNA
ST Aerospace clinches S$148m contract from Spring Airlines
ST Aerospace, a unit of ST Engineering, has clinched a S$148 million contract from Spring Airlines.
This comes hot on the heels of a S$1 billion maintenance deal signed with Jet Airways on March 31.
The latest agreement will see ST Aerospace expanding support services to Spring Airlines’ fleet from 15 to 78 aircraft.
It will cover mainly component services and also the setting up of a new warehouse at Spring Airlines’ base at the Pudong International Airport in Shanghai.
The new contract will commerce in April 2010 and stretches over eight years.