ST Aerospace Invests In Global Asset Services
ST Aerospace has invested an additional $73.5 million in wholly owned subsidiary ST Aerospace Rotables (Star), bringing the company’s total share capital contribution to $75 million. Star will use the additional funds to build its rotables asset pool as it broadens the scope of its component support capability. Established last September in Singapore, Star is a global asset services company that focuses on rotable assets leasing, asset trading, rotables loan and exchange. It will also be leasing assets to support the aerospace sector’s maintenance-by-the-hour program.