ST Aerospace Secures $540M Worth of New Contracts in 1Q2012

ST Aerospace announced that it has secured about $540m worth of new contracts in the first quarter of 2012. These contracts for aircraft maintenance and modification, component support, and engine total support businesses will be carried out at its global maintenance, repair and overhaul (MRO) network. Specifically for passenger-to-freighter (PTF) conversions, ST Aerospace secured a 15 Boeing 757-200 PTF order.

Between January and March, ST Aerospace redelivered 90 aircraft for airframe related maintenance and modification work. For PTF conversions, it redelivered three Boeing 757-200 converted freighters to FedEx Express. Besides airframe redeliveries, ST Aerospace serviced 51 engines and 15,720 components for both commercial and military customers.

ST Aerospace continued to expand its capacity and strengthen its capability offerings in the first quarter. It expanded its presence at Singapore’s Seletar Aerospace Park, boasting a purpose-built General Aviation aircraft hangar, simulator centre for pilot training, facilities for aviation technical training and a VIP facility for its air charter business. These facilities are expected to be ready by the end of 2012.

ST Aerospace further enhanced its Boeing 757-200 aircraft conversion capability offerings. It received two Supplemental Type Certificates (STC) for its Boeing 757-200 passenger-to-passenger/cargo (combi) (PTC) conversion programme from the European Aviation Safety Agency and the US Federal Aviation Administration (FAA) respectively. With the FAA’s certification, ST Aerospace is the holder of the first and only STC for a PTC, with a main cargo compartment meeting the Class C requirements.

On capability development, ST Aerospace launched a new VIP aircraft completion and refurbishment brand at the Singapore Airshow – AERIA Luxury Interiors – with the formation of a new team of core executives to chart the growth of this new business area. Additionally, ST Aerospace signed a MoU with Airbus and EADS EFW in February to develop the A330P2F conversion program.

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