Maintenance and Modifications
ST Engineering Acquires Pemco’s Tampa Facility Assets

Singapore Technologies Engineering’s (ST Engineering) Vision Technologies Aerospace (VT Aerospace) has made a successful bid for Pemco World Air Services and certain assets including the Boeing 737 freighter conversion supplemental type certificates. The company paid $49.7 million at a bankruptcy auction, a price that includes VT Aerospace’s assuming liabilities estimated at $6.2 million. A spokesman for the company declined to detail the specifics of the liabilities.

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