As mentioned here a month or so ago the mid/late life aircraft market is in for a shake-up and that will come by way of WingStar, a 50/50 joint venture between ST Aerospace and Wings Capital Partners Holdings. Based in Singapore WingStar will acquire aircraft for lease, conversion or part out. Under the joint venture agreement, the shareholders plan to build up a portfolio of mid-life and end-of-life aircraft assets which will initially include Airbus A320 and Boeing 737NG families of aircraft along with the A330 and 757. Initial investment of £300m will increase to $1bn within five years. It

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