Singapore Technologies Engineering Ltd (ST Engineering) has announced the establishment of a joint venture company (JVCo) with SF Airlines Co., Ltd. (SF Airlines) in Ezhou, Hubei, China. The newly formed JVCo has a registered capital of RMB100 million (approximately S$19 million), with ST Engineering holding a 60% stake and SF Airlines owning the remaining 40%.
The purpose of the JVCo is to operate a greenfield airframe Maintenance, Repair & Overhaul (MRO) facility at Ezhou Huahu Airport. This facility will offer comprehensive MRO services to cargo and passenger airlines operating in the Asia region, including SF Airlines. The construction of the first hangar facility is anticipated to be completed by 2025.