ST Aero downplays impact of JAL bankruptcy

Singapore
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Singapore Technologies Aerospace (ST Aero) has downplayed the impact that JAL's financial woes will have on the Singapore-headquartered maintenance, repair and overhaul (MRO­) firm.

JAL is an ST Aero customer and reports in Japan, citing unnamed sources, say the Japanese carrier is set to enter bankruptcy protection.

ST Aero says a JAL bankruptcy will have "no material impact on the financial results of ST Aero" because "the current debt with JAL is less than S$5 million ($3.6 million)."

The MRO firm does airframe heavy checks and engine component repair and overhaul work for JAL.