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ST Engineering, Temasek set up JV for freighter aircraft leasing

ST Engineering, Temasek set up JV for freighter aircraft leasing Photo: ST Engineering website May 12, 2021 Singapore Technologies (ST) Engineering Ltd and state investor Temasek Holdings said they have set up a joint venture for freighter aircraft leasing to take advantage of strong demand for converted passenger planes. The JV will aim to build a $600 million portfolio of mostly narrowbody planes over the next five years through a mix of equity and debt, with the partners able to pick up passenger jets for conversions at lower than usual prices due to a fall in aircraft values during the pandemic, they said late on Tuesday.

ST Engineering Share Price: Where Next After Temasek Freighter JV?

ST Engineering saw shares rally 1.6% after it announced a new 50-50 joint venture (JV) with Temasek. Kelvin Ong | Financial writer, Singapore | Publication date: 2021-05-12T09:33:47+0100 Singapore Technologies (ST) Engineering Ltd (SGX: S63) share price hits a high of S$3.77 on Wednesday (12 May 2021) This comes on the back of a new 50-50 JV agreement with Temasek for freighter aircraft leasing The JV will aim to build a portfolio valued at about S$800 million It is ‘not expected to have any material impact’ on consolidated net tangible assets per share and earnings per share for the current financial year Buy and sell ST Engineering stocks with an IG account

Falling plane values, e-commerce rise fuels boom in converting passenger planes to freighters

    Reuters Published: 14 Dec 2020 08:15 AM BdST Updated: 14 Dec 2020 08:15 AM BdST View of the interior of a fully converted Airbus A321 freighter at an ST Engineering hangar in Singapore December 2, 2020. REUTERS From Air Canada to China’s CDB Aviation, airlines and leasing firms are rushing to permanently convert older passenger jets into freighters, betting on a boom in e-commerce as the value of used planes tumbles amid the pandemic. ); } That has created a huge opportunity for passenger-to-freighter (P2F) conversion companies, including Singapore Technologies (ST) Engineering Ltd, Israel Aerospace Industries (IAI) and US-based Aeronautical Engineers Inc. Aviation analytics firm Cirium expects the number of P2F conversions globally will rise by 36% to 90 planes in 2021, and to 109 planes in 2022.

Falling value, e-commerce boom leads to converting jets to freighters

Falling value, e-commerce boom leads to converting jets to freighters
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Jets Become Freighters Amid Falling Plane Values, E-Commerce Boom

Jets Become Freighters Amid Falling Plane Values, E-Commerce Boom
1490wosh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 1490wosh.com Daily Mail and Mail on Sunday newspapers.

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