ST Engineering to venture in to the freighter leasing market

posted on 12th May 2021 by Eddie Saunders
ST Engineering to venture in to the freighter leasing market

Singapore Technologies Engineering Ltd has announced that its wholly-owned aviation asset management unit has entered into an agreement with Temasek to set up a 50-50 joint venture (JV) for freighter aircraft leasing.

The JV will address the growing demand for freighter aircraft as e-commerce and air cargo volumes expand across the globe.