Posted by- Neelam Mathews
Sept 18, 2012
Singapore’s ST Aerospace has set up a wholly-owned subsidiary, ST Aerospace Rotables Pte. Ltd. (STAR), with a paid up capital of US$1.5m. STAR, a global asset services company, will be headquartered in Singapore with marketing offices in the Americas, EMEA and Asia Pacific.
STAR will drive ST Aerospace's foray into a new growth area, focusing on rotable assets leasing, asset trading, rotables loan and exchange, as well as providing support to the sector's Maintenance-By-the-Hour (MBH) program.
The new set up is in line with ST Aerospace's plan to develop and extend its component total support capability, to address evolving market demands. STAR will manage rotable assets for customers, through expert trading and utilisation via loan and exchange. It will leverage ST Aerospace's brand and expertise to help customers monetise existing assets through its wide range of inventory solutions. Customers would also have access to ST Aerospace's full suite of total aviation support services.
Sept 18, 2012
Singapore’s ST Aerospace has set up a wholly-owned subsidiary, ST Aerospace Rotables Pte. Ltd. (STAR), with a paid up capital of US$1.5m. STAR, a global asset services company, will be headquartered in Singapore with marketing offices in the Americas, EMEA and Asia Pacific.
STAR will drive ST Aerospace's foray into a new growth area, focusing on rotable assets leasing, asset trading, rotables loan and exchange, as well as providing support to the sector's Maintenance-By-the-Hour (MBH) program.
The new set up is in line with ST Aerospace's plan to develop and extend its component total support capability, to address evolving market demands. STAR will manage rotable assets for customers, through expert trading and utilisation via loan and exchange. It will leverage ST Aerospace's brand and expertise to help customers monetise existing assets through its wide range of inventory solutions. Customers would also have access to ST Aerospace's full suite of total aviation support services.
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