New JV for ST Aerospace

Singapore Technologies Aerospace (ST Aerospace) has signed a joint venture agreement with Tenryu Holdings Co, Ltd (Tenryu) to set up ST Aerospace Aircraft Seats Pte Ltd (ST Aerospace Aircraft Seats). The joint venture will have a planned investment of $29.8m. ST Aerospace will own 90% of ST Aerospace Aircraft Seats’ shares, with the remaining 10% to be held by Tenryu. Based in Singapore, ST Aerospace Aircraft Seats will be responsible for the end-to-end design and manufacturing of a range of aircraft seating solutions. The company’s longterm business roadmap will include a series of economy class, business, as well as first