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ST Engineering and Temasek enter into 50-50 JV for freighter aircraft leasing

Felicia Tan
Felicia Tan5/11/2021 9:17 PM GMT+08  • 3 min read
ST Engineering and Temasek enter into 50-50 JV for freighter aircraft leasing
The JV targets to build a portfolio valued at around US$600 million ($800 million) within five years.
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Singapore Technologies Engineering (ST Engineering) and Temasek Holdings have set up a 50-50 joint venture (JV) for freighter aircraft leasing on May 11.

The agreement was entered into by ST Engineering’s wholly-owned aviation asset management unit.

The JV targets to build a portfolio valued at around US$600 million ($800 million) within five years. It will address the growing demand for freighter aircraft amid growing e-commerce and air cargo volumes across the world as it invests in passenger aircraft to be converted into freighters.

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