CRS Jet Spares has signed a memorandum of understanding to form CRS Jet Spares Asia–a joint venture between CRS and Singapore-based AGA Logistics & Parts. The new company will be based in Singapore and will begin operations by supporting Gulfstreams, Learjets, Hawkers, Falcons and Challengers. “Our core business is tip-to-tail parts support for out-of-production or non-warranty aircraft,” said Jack Caloras, CRS Jet Spares vice president of sales and operations.