SP Guide Publications puts forth a well compiled articulation of issues, pursuits and accomplishments of the Indian Army, over the years

— General Manoj Pande, Indian Army Chief

I am confident that SP Guide Publications would continue to inform, inspire and influence.

— Admiral R. Hari Kumar, Indian Navy Chief

My compliments to SP Guide Publications for informative and credible reportage on contemporary aerospace issues over the past six decades.

— Air Chief Marshal V.R. Chaudhari, Indian Air Force Chief

ST Engineering Announces Sale of 11 Narrowbody Aircraft to Keystone

Singapore August 10, 2023

ST Engineering today announces the sale of 11 new-generation and current-generation narrowbody aircraft by its Aviation Asset Management business to Keystone Holdings (Global) Pte. Ltd. (“Keystone”). Keystone is a 50-50 joint venture between ST Engineering’s Commercial Aerospace and Sojitz Corporation.

This sale is consistent with the Group’s strategy of working with partners to grow its Aviation Asset Management business, thereby enabling aircraft lifecycle asset management and support solutions to customers. The sale will also allow the Group to improve capital efficiency by reducing capital employed. Lease novation transactions related to the sale will be progressively achieved through end 2023.

Jeffrey Lam, Commercial Aerospace President of ST Engineering, said, “This transaction allows us to expand our asset management operations while improving capital efficiency. Doing so also enables us to focus on our core strengths in lease management and MRO while working with our valued partners to offer more options to the market.”

Tatsuhiko Niitaka, Executive Officer of Sojitz Corporation, said, “We have partnered with ST Engineering from 2016 through Keystone, and we are pleased to acquire this attractive portfolio. This will support and expand Keystone’s portfolio, and reinforce our strategy of expanding our presence in the market and establishing relationships with other companies.”

ST Engineering’s Aviation Asset Management business invests in and manages aircraft and aircraft engine asset portfolios. As an asset manager, it has a strong track record in deal origination, financing, securitisation, lease management, technical asset management, re-marketing and repossession. In addition to leasing solutions, ST Engineering provides total lifecycle asset management and support solutions. These include turnkey aircraft and cabin re-configuration services, aircraft and engine MRO as well as freighter conversion.