On the lookout for bargains, ST Aero plans expansion amid downturn
Singapore Technologies Aerospace, apparently fearless of the worsening economic slowdown, is pushing ahead with expansion and hiring plans for its global maintenance, repair and overhaul operation. ST Aero is even open to further expansion through acquisitions, which it thinks should become cheaper as excess capacity piles up in North America and Europe. Development of unannounced new facilities, probably in Asia, is also in the cards. “If you watch over the next 12-24 months, I am ...
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