ST Aerospace renews component contract with LOT Polish Airlines
Released on: August 16, 2008, 4:16 am
Press Release Author: ST Aerospace
Press Release Summary: Singapore Technologies Aerospace Ltd (ST Aerospace) today announced that its subsidiary, ST Aerospace Solutions (Europe) A/S (STA Solutions), has renewed a component supply and reconditioning contract with LOT Polish Airlines.
Press Release Body: This contract, effective immediately, is worth €8.7m (about S$18.7m), and covers LOT Polish Airlines’ fleet of seven Boeing 767 aircraft over three years under the ST Aerospace Solutions material supply programme. 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.
“LOT Polish Airlines is pleased to continue the good working relationship with STA Solutions, whose consistently high standards of quality have earned our trust and confidence in our long standing partnership. We look forward to extending our areas of cooperation together.” Wieslaw WYPYCH, Member of Management Board, Operating & Technical Issues, LOT Polish Airlines
“This contract attests to our belief in maintaining strong relationships with our long time customers. As STA Solutions has evolved into an independent third party service provider, we are pleased that LOT Polish Airlines has continued to put their trust in us. We will continue to strive towards providing LOT Polish Airlines and all our customers a better experience to ensure that they remain satisfied customers for the long haul.”