ST Aerospace divests 5% stake in STA Guangzhou to Japan Airlines

ST Engineering's aerospace arm, ST Aerospace, has signed an agreement to divest a 5% equity stake in STA Guangzhou to Japan Airlines for US$7 million, making JAL a strategic partner in the MRO joint venture.

“Given Japan Airlines’ strong reputation in quality and standards for both its services and demands placed on MRO providers, the new partnership will facilitate cross-learning and enable STA Guangzhou to enhance its own standing in safety and quality.”aviator.aero

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• aviator.aeroST Engineering’s Aerospace Arm Divests 5% Stake in STA Guangzhou to New JV Strategic Partner JAL | AVIATORFeb 8, 2018

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