ST Aero wins S$600m of work contracts during Q3 2013

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ST Aerospace secured Singapore dollars (S$) 600 million ($483 million) worth of contracts during the third quarter of 2013.

Overall, the company redelivered 245 aircraft from airframe maintenance and modification work, as well as five 757-200 converted freighters over the three month period.

During the period, It also secured freighter conversion contracts for 17 Boeing 757-200s, bringing the total number of aircraft contracted to 119.

The MRO firm was also contracted to complete cabin reconfiguration for two Boeing 767-300s for an unnamed Asian carrier. It also received European Aviation Safety Agency supplemental type certification for a cabin retrofit programme involving six Airbus A330s for another customer.

In terms of its other operations, ST Aero processed 11,360 components, 59 landing gears, 57 engines and conducted 1,570 engine washes for both commercial and military customers over the three months.

ST Aero also says that it has continued to make progress with its market extension strategy, with its engine leasing and flight training businesses recently marking some key milestones.

The company’s flight training academy at Seletar in Singapore was recently awarded type rating training organisation certification by the Civil Aviation Authority of Singapore, which will allow it to broaden its training portfolio.

ST Aero recently announced that it has injected an additional $2.81 million into its engine leasing joint venture, Total Engines Asset Management. The business will use the funds to acquire International Aero Engines V2500 engines, which will complement the existing fleet of CFM International CFM 56 engines in its portfolio.