ST Aerospace has announced that its wholly owned subsidiary ST Aerospace Engines Pte Ltd (STA Engines), has injected its pro rata share of an additional US$4.05m (S$5.01m) into the capital of its 50%-owned associated company, Total Engines Asset Management Pte Ltd (TEAM). With this new injection, it will bring STA Engines’ total share capital contribution in TEAM to US$8.21m (S$10.15m). This additional funding will support the expansion of the engine leasing business. Under the financing model agreed by the joint venture partners, capital injection is initiated every time TEAM secures a new engine leasing contract. This is to ensure that
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