Singapore Technologies Aerospace is moving into the engine leasing business by establishing a joint-venture with Japan’s Marubeni Corp. The 50/50 joint-venture, Total Engine Asset Management, will be based in Singapore and will initially have CFM International CFM56-3, CFM56-5B and CFM56-7B engines, says ST Aero. It will commence in this year’s second half and plans to have approximately $100 million in assets within two years. “The new JV will leverage ST Aerospace’s expertise in ...

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