Published:
ST Aerospace forms $29.8m aircraft seat manufacturing JV
It will own 90% of the JV company.
ST Aerospace has signed a joint venture agreement with Tenryu Holdings to set up ST Aerospace Aircraft Seats.
The joint venture will have a planned investment of $29.8m. ST Aerospace will own 90% of ST Aerospace Aircraft Seats’ shares, with the remaining 10% to be held by Tenryu.
Based in Singapore, ST Aerospace Aircraft Seats will be responsible for the end-to-end design and manufacturing of a range of aircraft seating solutions.
The company’s long-term business roadmap will include a series of economy class, business, as well as first class seats.
Read Here
Advertise
Sign Up
