ST Aerospace, Wings Capital Partners Form JV

ST Aerospace and Wings Capital Partners are set to form a new joint venture (JV) company called WingStar. The Singapore-based company, which will be equally owned by the two shareholders, will build on opportunities created by global fleet expansion and renewal to acquire aircraft for lease, conversion or part out. Under the JV agreement, the shareholders plan to build up a portfolio of mid-life and end-of-life aircraft assets which will initially include A320 and 737NG families of aircraft. 

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