, Singapore

ST Aerospace forms $29.8m aircraft seat manufacturing JV

It will own 90% of the JV company.

ST Aerospace has signed a joint venture agreement with Tenryu Holdings to set up ST Aerospace Aircraft Seats.

The joint venture will have a planned investment of $29.8m. ST Aerospace will own 90% of ST Aerospace Aircraft Seats’ shares, with the remaining 10% 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.
 

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