Asia-Pacific Aerospace Briefs Today
May 16th 2023
Today's briefs report news from elfc and ST Engineering. Read More »
Aircraft engine lessor, Ireland-headquartered elfc, has completed its purchase of the remaining equity of INAV LLC, a Chicago-based engine parts and components company.
In an investor update, ST Engineering said its commercial aerospace business increased 29%, to S$873 million (US$653 million), in the three months to March 31 compared with the same months in 2022. Commercial aerospace revenue was 85% of pre-COVID-19 levels in February 2023, ST Engineering said.
