ST Aerospace inks deal with CaterhamJet Holdings, EVIA Aviation

They will set up CJS Aviation.

According to a release, Singapore Technologies Engineering's aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace) announced that its wholly owned subsidiary, ST Aviation Resources Pte Ltd, has signed a joint venture agreement with CaterhamJet Holdings Pte. Ltd. (CJH) and EVIA Aviation Pte. Ltd. (EVIA Aviation), to set up CJS Aviation Pte. Ltd. (CJS).

Established in Singapore with a fleet of regional jets, CJS specialises in private aircraft management and leasing in the Asia Pacific region. The issued and paid up capital of CJS will be US$10.5m (approximately S$13m), with CJH holding 49%, ST Aviation Resources 26% and EVIA Aviation 25%, in the capital of CJS.

As part of the collaboration, ST Aerospace will provide engineering and aviation support services to both CJH and CJS through its global aircraft maintenance, repair and overhaul (MRO) network.