# ST Engineering and Temasek form freighter leasing joint venture

ST Engineering and Temasek are establishing a joint venture freighter leasing company, aiming to build a portfolio of aircraft valued at around $600 million within five years.

- Type: Partnership
- Announced: 2021-05-12
- Where: Singapore, Singapore
- Value: $600.0M
- Status: announced
- Products: freighter aircraft leasing, MRO services
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ST Engineering](https://endata.com/companies/17517.md) (partner)
- [Temasek Holdings](https://endata.com/companies/18585.md) (partner)

## Sources

- [aircargonews.net](https://www.aircargonews.net/st-engineering-to-enter-freighter-leasing-jv/1040952.article), 2021-05-12: "This joint venture represents a significant step by ST Engineering in growing our aviation leasing business as we expand beyond passenger aircraft and engines to include freighter aircraft assets as part of our portfolio."

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