ST Engineering incorporates new company Keystone 5 for aircraft leasing business

SINGAPORE (Sept 7): ST Engineering has incorporated a new company, Keystone 5 in Singapore as a wholly-owned subsidiary of Keystone Holdings (Global) with a paid up capital of US$1 ($1.38).

Keystone Holdings is a 50-50 joint venture held between ST Aerospace Resources and SJ Aviation Capital. A holding company for aircraft leasing investments, Keystone Holdings has subsidiaries across various geographies with a portfolio of aircraft which are currently on lease to global airlines.

Through Keystone 5, ST Engineering will grow its aircraft leasing business by acquiring more mid-life narrowbody aircraft that are currently on lease to airlines.

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