Singapore Technologies Engineering’s (ST Engineering) aerospace arm Singapore Technologies Aerospace (ST Aerospace) has signed a joint venture agreement with Tenryu Holdings to set up ST Aerospace Aircraft Seats (ST Aerospace Aircraft Seats). The joint venture will have a planned investment of $29.8 million. ST Aerospace will own 90 percent of ST Aerospace Aircraft Seats’ shares, with the remaining 10 percent to be held by Tenryu.
Based in Singapore, ST Aerospace Aircraft Seats will be responsible for the end-to-end design and manufacturing of a range of aircraft seating solutions. The company’s long- term business roadmap will include a series of economy class, business, as well as first class seats. It will be marketed as part of ST Aerospace’s global network, working in tandem with the other network members to deliver an integrated cabin interiors offering.
ST Aerospace Aircraft Seats says it will leverage both ST Aerospace’s and Tenyru’s experience in the aerospace industry, to produce innovative seating solutions which are both aesthetically and technically viable.
“With the addition of ST Aerospace Aircraft Seats into our global network, this new joint venture will allow us to strengthen our foothold in the aircraft product development sphere and add a new dimension to our integrated cabin interiors offering,” says LIM Serh Ghee, president, ST Aerospace. “Through a single trusted provider, airline customers will experience streamlined aircraft downtime during cabin interior reconfiguration, resulting in enhanced operational efficiency.”