ST Engineering Sets Up Subsidiary for VIP Completion Business
Singapore Technologies Engineering Ltd (ST Engineering) today announced that its aerospace sector’s VIP completion and refurbishment business division based in San Antonio, US has been incorporated as a subsidiary, AERIA Luxury Interiors, LLC (AERIA) by VT San Antonio Aerospace, Inc. (VT SAA) with a paid-up capital of US$1. As an incorporated company, AERIA will tailor its processes to be focused on the completion business, thereby increasing its competitiveness.
With the incorporation, AERIA will also start to operate under its own Part 145 Repair Station certificate issued by the Federal Aviation Administration (FAA) instead of operating under parent company VT SAA’s certificate. Establishing an independent FAA repair certification allows AERIA to streamline its completion process, and expedite its maintenance, refurbishment and completion contracts in the most efficient way possible. At the same time, as AERIA remains a part of VT SAA’s facility and ST Aerospace’s global network, it will continue to leverage and benefit from the synergy in operations and marketing.