February 12, 2013
ST Engineering’s Aerospace arm signs joint venture agreement with CaterhamJet Holdings and EVIA Aviation
ST Aviation Resources has signed a joint venture agreement with CaterhamJet Holdings and EVIA Aviation to set up CJS Aviation. Established in Singapore with a fleet of regional jets, CJS specialises in private aircraft management and leasing in the Asia Pacific region. The issued and paid up capital of CJS will be US$10.5m (approximately S$13m), with CJH holding 49%, ST Aviation Resources Pte Ltd 26% and EVIA Aviation 25%, in the capital of CJS. As part of the collaboration, ST Aerospace will provide engineering and aviation support services to both CJH and CJS through its global aircraft maintenance, repair and overhaul (MRO) network.