Singapore Technologies Aerospace (ST Aero) has expanded further into asset management by establishing ST Aero Rotables (STAR), which will primarily manage the lease of rotable spare parts.

STAR will be headquartered in Singapore with marketing offices dotted around the world.

ST Aero in recent years has added asset management divisions to its airframe and engine heavy maintenance functions. Last year, it established Total Engine Asset Management, an engine leasing joint venture with Japanese trading house Marubeni.

STAR will “focus on rotable assets leasing, asset trading, rotables loan and exchange, as well as providing support to the sector’s maintenance-by-the-hour program,” says ST Aero. “The new set-up is in line with ST Aero’s plan to develop and extend its component total support capability. STAR will . . . leverage ST Aero’s brand and expertise to help customers monetize existing assets through its wide range of inventory solutions.”