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BRIEF-Singapore Technologies Engineering's Aerospace Arm Enters Into JV with Vietnam Airlines Engineering Co

Reuters SG

June 6 (Reuters) - Singapore Technologies Engineering Ltd :

* CO'S AEROSPACE ARM AND VIETNAM AIRLINES ENGINEERING COMPANY INCORPORATED A NEW JOINT VENTURE CO

* NEW JOINT VENTURE CO CALLED VIETNAM SINGAPORE TECHNOLOGIES ENGINEERING AEROSPACE CO. LTD.

* ST ENGINEERING HAS A 49% STAKE IN JVCO, WITH REMAINING 51% HELD BY VAECO.

* NEW COMPONENT MRO FACILITIES ARE EXPECTED TO BEGIN OPERATIONS IN MID-2019

* JVCO SET UP WITH A PAID UP CAPITAL OF US$3.9M TO PROVIDE COMPONENT MAINTENANCE, REPAIR & OVERHAUL (MRO) SOLUTIONS Source text for Eikon: Further company coverage: