ST Engineering has announced the successful sale of a portfolio of 11 new-generation and current-generation narrowbody jets to Keystone Holdings (Global) Pte. Ltd.
ST Engineering has announced the successful sale of a portfolio of 11 new-generation and current-generation narrowbody aircraft from its Aviation Asset Management business to Keystone Holdings (Global) Pte. Ltd., a joint venture between ST Engineering’s Commercial Aerospace and Sojitz Corporation. This strategic move aligns with ST Engineering’s focus on expanding its Aviation Asset Management operations while enhancing capital efficiency and providing more options to the market.
The transaction reflects ST Engineering’s commitment to its core strengths in lease management and MRO (Maintenance, Repair, and Overhaul), while collaborating with partners to offer comprehensive aircraft lifecycle asset management and support solutions to customers. Keystone Holdings, formed as a joint venture between ST Engineering and Sojitz Corporation, has been working in partnership since 2016. This acquisition of the aircraft portfolio contributes to Keystone’s expansion plans and aligns with Sojitz Corporation’s strategy of strengthening its market presence and building relationships with other companies.
Jeffrey Lam, President of Commercial Aerospace, ST Engineering said, “This transaction allows us to expand our asset management operations while improving capital efficiency. Doing so also enables us to focus on our core strengths in lease management and MRO while working with our valued partners to offer more options to the market.”
ST Engineering’s Aviation Asset Management business specializes in investing in and managing aircraft and aircraft engine asset portfolios. As an accomplished asset manager, it excels in deal origination, financing, securitization, lease management, technical asset management, re-marketing, and repossession. Beyond leasing solutions, the company offers comprehensive lifecycle asset management and support services, encompassing aircraft and cabin re-configuration, aircraft and engine MRO, and freighter conversion.
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By streamlining its portfolio through this sale and leveraging its expertise, ST Engineering aims to enhance its competitiveness in the aviation industry and continue delivering innovative solutions and value to its customers and partners.
