ST Engineering, a global technology defense and engineering group based in Singapore, on Tuesday announced an agreement with state-owned investment company Temasek Holdings to establish a joint venture for leasing freighter aircraft.
The company’s aircraft and engine leasing unit, which currently manages passenger aircraft, is expanding its scope because of the strong outlook for the air cargo market, which is experiencing record-high freighter utilization, rapid growth in e-commerce demand and...
https://www.freightwaves.com/news/st-engineering-forms-freighter-leasing-joint-venture