ST Aerospace Opens Global Asset Services Company
ST Aerospace has invested $1.5 million to set up a wholly owned services subsidiary: ST Aerospace Rotables (Star). Star will be headquartered in Singapore with marketing offices in the Americas, EMEA and Asia-Pacific. The new company was developed to drive ST Aerospace’s move into a new growth area focusing on rotable assets leasing, asset trading, rotables loans and exchange.
A spokesperson for the company told AIN, “Star will also provide support to ST Aerospace’s maintenance-by-the-hour program. The program is tailored to each customer’s requirements and provides spares, repair and technical studies of an aircraft operator’s aircraft components on the basis of cost per flying hour. The program covers all component aspects necessary to keep the aircraft flying.”
ST Aerospace says it supports more than 800 aircraft under the component program.
“We are already managing an asset pool of rotables in excess of $400 million, and the new set-up will serve to enhance our component total support capability to better support our customers,” said the spokesperson.