ST Aerospace invests $3.89m in aircraft seat joint venture

This would bring its total investment to $16.78m.

Singapore Technologies Aerospace Ltd (ST Aerospace), has injected its pro rata share of $3.89m into its joint venture, ST Aerospace Aircraft Seats Pte Ltd (ST Aerospace Aircraft Seats), as working capital for its operations.

ST Aerospace Aircraft Seats is 90% owned by ST Aerospace with the other 10% owned by Tenryu Holdings Co, Ltd.

According to a press release, this injection is part of ST Aerospace’s planned investment for the joint venture, bringing its total investment to $16.78m.

Based in Singapore and part of ST Aerospace’s global network for integrated cabin interiors, ST Aerospace Aircraft Seats is responsible for the end-to-end design and manufacturing of a range of aircraft seating solutions. 

ST Aerospace is on a roll, in Q3, it secured contracts worth $530m. The heavy airframe maintenance contracts include long-term agreements to support a range of aircraft platforms from MD-11, Boeing 777 and Boeing 757 to A300 for freight operators.