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February 2019

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Ardian, a private investment house, has announced that it is in exclusive talks to acquire a majority stake in Revima from the private equity firm Argos Wityu. Following the transaction, Olivier Legrand, President of the Group, and Argos Wityu will reinvest alongside Ardian. This transaction is subject to approval from the antitrust authorities as well as the opinion of the works council.


ST Engineering has announced that its Aerospace arm secured new contracts worth about S$450 million in 4Q18 for services including maintenance and modification for wide-ranging aircraft parts from the airframe to components.


A number of new contracts were for airframe heavy maintenance checks to service both commercial aircraft and private jets. These include a contract from a major North American airline to carry out heavy maintenance services to their Airbus A321s for the first time. In addition to airframe maintenance, the same North American airline also awarded a contract for an in-seat power supply, overhead bin and galley modification programme for their entire fleet of 48 A320s.


ST Engineering continues to win multi-year contracts as it maintains the confidence of repeat customers with high-quality redeliveries. Multi-year contracts won in 4Q18 include a five-year component maintenance-by-the-hour contract extension to support an Asian airline’s entire fleet of B737NG/MAX aircraft.


The Aerospace sector redelivered a total of 213 aircraft for airframe heavy maintenance and modification work in 4Q18. Additionally, a total of 11,212 components, 50 landing gears and 41 engines were processed, while 2,515 engine washes were conducted.


In China, the sector expanded its airframe maintenance portfolio when its Guangzhou facility obtained approval from the Civil Aviation Authority of Malaysia to carry out base maintenance for the A320neo platform.

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