ST Engineering, Temasek JV targets $800m portfolio in five years

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The joint venture was formed to capture freighter aircraft demand. Singapore Technologies Engineering Ltd (ST Engineering) and Temasek has entered into a 50-50 joint venture with a plan to build a portfolio worth $800m (US$600m) within five years. The joint venture was formed for freighter aircraft leasing, in response to the demand arising from higher e-commerce and cargo volumes. It will be investing in passenger aircraft that will be converted into freighters. read more