# 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.

- Type: Acquisition
- Announced: 2018-02-08
- Where: Guangzhou Baiyun International Airport, China, China
- Value: $7.00M
- Status: announced
- Products: aircraft maintenance, repair and overhaul (MRO) services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Singapore Technologies Aerospace](https://endata.com/companies/29939.md) (partner)
- [Japan Airlines](https://endata.com/companies/29940.md) (acquirer)
- [ST Aerospace (Guangzhou) Aviation Services Company Limited](https://endata.com/companies/29941.md) (target)
- [Guangdong Airport Authority](https://endata.com/companies/29942.md) (partner)

## Sources

- [aviator.aero](https://aviator.aero/press/st-engineerings-aerospace-arm-divests-5-stake-in-sta-guangzhou-to-new-jv-strategic-partner-jal), 2018-02-08: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.