SINGAPORE - Total Engine Asset Management , an engine leasing joint venture of ST Engineer's aerospace arm, has inked agreements to sell 30 aircraft engines using a securitisation structure.
The diversified portfolio of 30 engines power primarily narrowbody aircraft leased to 13 airlines across 11 countries with a weighted average remaining lease term of about six years. Lim Serh Ghee, president of ST Engineering's aerospace sector, said the sale will be a"major milestone" for its engine leasing business.
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