ST Engineering and Temasek to establish freighter aircraft leasing JV to meet growing demand
The wholly owned aviation asset management unit of Singapore Technologies Engineering (ST Engineering) and the Singapore-headquartered investment company Temasek have announced the intention to create a 50-50 joint venture for freighter aircraft leasing to meet the expanding demand for freighter aircraft as e-commerce and air cargo volumes expand globally. The JV has set a five-year …