ST Engineering, Temasek set up freighter leasing joint venture firm

They will both have 50% share in the JV company.

Singapore Technologies Engineering Ltd (ST Engineering) and Temasek incorporated a joint venture company for freighter leasing amidst the demand growth for e-commerce and expansion of cargo volumes globally.

ST Engineering subsidiary, ST Engineering Aerospace Resources Pte. Ltd. and Temasek will each have a 50% share in joint venture company Juniper Aviation Investments Pte. Ltd.

The joint venture plans to build a portfolio at about S$800m within five years, investing in passenger aircraft that will be converted into freighters. ST Engineering, which will serve as the asset and lease manager of the joint venture, will provide associated maintenance, repair, and overhaul service options to the aircraft.

The JV will also set up a subsidiary “to hold special purpose companies for the purpose of freight owning and leasing,” according to ST Engineering’s release.

The JV is not expected to have any material impact on ST Engineering’s consolidated net tangible assets per share and earnings per share for the current financial year, it said.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


How investor stewardship puts companies in a win-win state
Stewardship Asia Centre CEO says a company’s failure to take care of society is a failure to take care of its stakeholders.
Creating harmony in a heterogonous workforce 
An HR expert said tests like DISC can help identify which employees can work best together.