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ST Engineering's Aerospace Arm Completes Incorporation of New Companies For Aircraft Leasing

Singapore, 22 September 2015 – Singapore Technologies Engineering Ltd (ST Engineering) today updated that further to its announcement made on 31 August 2015, the incorporation of the following new companies has been completed.

Company name

Paid-up capital

Country of incorporation

Keystone Leasing (UK) Limited

US$3.00

UK

Keystone 1 Limited

US$1.00

UK

Keystone 2 Limited

US$1.00

UK

Keystone Capital (Ireland) Limited

US$1.00

Ireland

Keystone 3 Limited

US$1.00

Ireland


The setting up of the companies is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

ST Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering with a revenue of $2.07b in FY2014.  Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe, it is the world’s largest commercial airframe MRO provider with a global customer base that includes leading airlines, airfreight and military operators.  ST Aerospace is an integrated service provider that offers a spectrum of maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and asset management services, including Total Aviation Support.  ST Aerospace has a global staff strength of around 8,000 employees worldwide.  Please visit www.staero.aero.

ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of $6.54b in FY2014 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index and MSCI Singapore. ST Engineering has about 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across 24 countries.  Please visit http://www.stengg.com/ for more information.

Media Contacts:         
Lina Poa
SVP, Corporate Communications
ST Engineering
Tel:      (65) 6722 1883
Email:  linapoa@stengg.com

Belinda
Ng
VP, Corporate Communications
ST Aerospace
Tel:      (65) 6380 6176
Mobile: (65) 9683 6361
Email:  belindang@stengg.com

 

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