Singapore Technologies Engineering Ltd (ST Engineering) has announced that its aerospace arm Singapore Technologies Aerospace Ltd (ST Aerospace) has purchased an additional 20% equity in Elbe Flugzeugwerke (EFW), which makes EFW a subsidiary of ST Aerospace.
ST Aerospace now owns 55 percent of the shares, with Airbus Defense and Space (Airbus) holding the balance of 45 percent.
The companies are collaborating on several freighter conversion programmes, including the A330P2F conversion programme, which was launched in 2013 and the A320/A321P2F passenger-to-freighter
(P2F) conversion programme, which had been announced in June 2015 during the Air Show at Paris Le Bourget. Until today, however, the firm did not present any customer for the adverted conversion
of the A320 family.
Meanwhile, things look better
With the first A320neos in service, EFW expects the availability of the A320classics to increase in the near future. EFW’s Head of Corporate Communications, Christopher Profitlich confirmed to
CargoForwarder Global that his company’s target is to start the first A320 conversion in 2018 at EFW’s Dresden facility.
ST Aerospace operates a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe.
EFW, based in Dresden, Germany, has a current staff strength of over 1,000 and annual revenues of over €200m. Apart from the freighter conversion programmes, the company is also the
exclusive supplier for composite flat panels for all Airbus aircraft.
Nol van Fenema
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PATRICK GAREZ (Tuesday, 09 February 2016 02:02)
Nol, when did this actually happen?
Nol van Fenema (Tuesday, 09 February 2016 14:17)
Dear Patrick,
The official announcement about the acquisition by ST Engineering was made on February 1, 2016. A copy with the complete text can be found on ST Engineering's web site at http://www.stengg.com/press-centre/press-releases.
Judging by your question, the move must have come as a surprise!?
Best regards
Nol