ST Engg unit makes cash injection to add to fleet

Singapore

THE aerospace arm of Singapore Technologies Engineering has injected close to US$5.8 million into one of its subsidiaries to add an Airbus 321 to its fleet of aircraft.

The company said in a filing on Friday that ST Aerospace Resources has made a further capital injection into Keystone Holdings (Global) to add an Airbus 321 into its aircraft leasing portfolio. Keystone is the holding company for aircraft leasing investments. This would bring its total share capital contribution in Keystone to almost US$19 million, said ST Engineering.