Total Engine Asset Management Pte. Ltd.

ST Engineering announced that Total Engine Asset Management Pte. Ltd. (TEAM), an engine leasing joint venture of its Aerospace arm, has entered into agreements for the sale of 30 aircraft engines using a securitisation structure. This sale will enable the Group to free up capital for future investments including aircraft engines and reduce TEAM’s capital employed. The transaction comprises a diversified portfolio of 30 aircraft engines that …