Singapore-based technology, defense, and engineering group ST Engineering saw year-on-year revenues in its commercial aerospace business rally 27 percent in the third quarter last year as the company forges ahead on passenger-to-freighter aircraft conversions. An order for 18 A320 family aircraft conversions for San Francisco, California-based aircraft lessor BBAM, announced last August, came as a particularly welcome boost. MRO utilization stood at more than two-thirds of its total capacity in the first nine months of last year.
ST Engineering saw a surge in its order book to S$18.2 billion ($13.5 billion) in September, up from S$15.4 billion at the end of 2020, and secured S$1.82 billion of new contracts in the third quarter. New agreements included a five-year component maintenance-by-the-hour contract from Japan Airlines, a five-year CFM56-7B engine MRO contract from Alaska Airlines, and a five-year airframe maintenance contract for an Asia-based low-cost carrier.
In this article
More In Aircraft
