Singapore Technologies Aerospace (ST Aero) is moving into the aircraft leasing business because it sees that owning aircraft on lease to airlines may help it to sell its maintenance and aircraft modification services. The Singapore-based MRO provider has established Keystone Leasing, a subsidiary in Singapore with paid-up capital of $10 million. Keystone itself has subsidiaries incorporated in the U.K. and Ireland. Singapore is the leading location in the Asia-Pacific region for aircraft ...

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