FDX 757's in Mobile, AL
01-18-2007 | 05:50 AM
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FDX 757's in Mobile, AL
Fedex Express selects ST Aerospace for aircraft conversion contract
Thursday, January 18, 2007
Singapore, 18 January 2007 – Singapore Technologies Aerospace Ltd (ST Aerospace) today announced that its US facility, ST Mobile Aerospace Engineering (MAE), has signed a Passenger-to-Freighter (PTF) conversion contract with FedEx Express for its Boeing 757-200 aircraft. Commencing in 2007, the contract is for 87 aircraft, implementable in three blocks stretching over seven years. ST Aerospace is the aerospace arm of Singapore Technologies Engineering Ltd (ST Engineering).
This contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
Under the agreement, MAE will convert the passenger aircraft to a freighter configuration and perform maintenance. The PTF conversion would be done on a Supplemental Type Certificate (STC) developed and owned by ST Aerospace based on data licensed from Boeing. This includes the installation of a side cargo door, strengthening of the main deck floor, and installation of a rigid cargo barrier and cargo loading system.
“We are honoured that FedEx has selected us for the implementation of its B757 freighter conversion programme. FedEx’s decision attests to the value of an STC based on original aircraft design data as well as confidence in ST Aerospace. FedEx is a major customer of ST Aerospace and is supported by ST Aerospace’s facilities in the US and Singapore. We look forward to expanding the scope of our support for FedEx as it expands its operations.”
~ TAY Kok Khiang, President, ST Aerospace
Thursday, January 18, 2007
Singapore, 18 January 2007 – Singapore Technologies Aerospace Ltd (ST Aerospace) today announced that its US facility, ST Mobile Aerospace Engineering (MAE), has signed a Passenger-to-Freighter (PTF) conversion contract with FedEx Express for its Boeing 757-200 aircraft. Commencing in 2007, the contract is for 87 aircraft, implementable in three blocks stretching over seven years. ST Aerospace is the aerospace arm of Singapore Technologies Engineering Ltd (ST Engineering).
This contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
Under the agreement, MAE will convert the passenger aircraft to a freighter configuration and perform maintenance. The PTF conversion would be done on a Supplemental Type Certificate (STC) developed and owned by ST Aerospace based on data licensed from Boeing. This includes the installation of a side cargo door, strengthening of the main deck floor, and installation of a rigid cargo barrier and cargo loading system.
“We are honoured that FedEx has selected us for the implementation of its B757 freighter conversion programme. FedEx’s decision attests to the value of an STC based on original aircraft design data as well as confidence in ST Aerospace. FedEx is a major customer of ST Aerospace and is supported by ST Aerospace’s facilities in the US and Singapore. We look forward to expanding the scope of our support for FedEx as it expands its operations.”
~ TAY Kok Khiang, President, ST Aerospace
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