(May 12 10:31) Sbr.com.sg
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
You can find the original article
here