SINGAPORE – Singapore Technologies Aerospace Ltd. (ST Aerospace) today announced that its subsidiary, ST Aviation Services Co. Pte Ltd. (SASCO), has been awarded a contract by Airbus to provide heavy maintenance checks for 19 A330 aircraft leased to Singapore Airlines. This contract is part of an Airbus multi-party contract to provide support to Singapore Airlines as part of the lease arrangements for this fleet. Heavy maintenance work on the fleet is expected to begin in 2015 and is estimated to be conducted over 18 months. ST Aerospace is a member of the Airbus MRO Network.
This contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.