Singapore Technologies Engineering Ltd. : ST Engineering’s Aerospace Arm Receives Line Maintenance Contract From Jetstar Asia

Singapore, 28 October 2013 - ST Engineering's aerospace arm, ST Aerospace and Jetstar Asia jointly announced today the signing of a three-year line maintenance contract. The agreement covers a full suite of line maintenance support for Jetstar Asia's existing and future fleet of Airbus A320 aircraft.

"ST Aerospace knows our business well and we are very confident in our ability to work together to meet Jetstar's high standards of safety and operational performance. This agreement will help service not only today's fleet of 19 aircraft but future A320 aircraft that we take in the next few years which will continue our growth in Southeast Asia. The new narrow-body hangar added at Changi has further strengthened our partnership and improved our efficiency as our aircraft can now be maintained right at our doorstep."~ Barathan PASUPATHI, CEO, Jetstar Asia.

"We are honoured to have Jetstar Asia entrust their aircraft line maintenance activities to ST Aerospace. Since 2004, the regional air carrier has been our valued customer for the maintenance of its A320 fleet. With the inclusion of line maintenance services, we will be able to provide all-rounded engineering support for Jetstar Asia. As Singapore becomes an increasingly important aviation hub, our aim is to expand our line maintenance business to cater to the growing demand in the region."~ CHANG Cheow Teck, President, ST Aerospace.

Maintenance services for Jetstar Asia's A320 fleet will be undertaken by a dedicated line maintenance team located atChangiAirportand supported by ST Aerospace's base maintenance facilities in Changi, where a new narrow-body hangar has recently been added. This new hangar is able to cater for the maintenance of two A320 aircraft simultaneously. This increases ST Aerospace's global hangar capacity to 38 wide-body bays, 27 narrow-body bays and 24 general aviation bays.

ST Aerospace has been supporting Jetstar Asia since 2004 for a wide range of maintenance services on their fleet of A320 aircraft. With the signing of this new line-maintenance contract,ST Aerospace's technical expertise in maintenance repair and overhaul activities has once again been affirmed by Jetstar Asia, thus strengthening this fruitful and long-standing partnership which has lasted over nearly a decade.

The 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.

Jetstar Asia first took to the skies in December 2004. In 2005,Singapore carrier Valuair became the sister airline of Jetstar Asia, focusing on destinations within Indonesia. Jetstar Asia and Valuair currently operate more than 400 weekly return flights to 21 destinations across 13 countries and territories in the Asia Pacific region.

ST Aerospace(Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering with a turnover of $2b in FY2012. Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe, it is the world's largest commercial airframe MRO provider with a global customer base that includes leading airlines, airfreight and military operators.ST Aerospace is an integrated service provider that offers a spectrum of maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and asset management services, including Total Aviation Support. ST Aerospace has a global staff strength of more than 9,000 employees worldwide. Please visit www.staero.aero.

ST Engineering(Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenues of $6.38b in FY2012 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices.ST Engineering has more than 22,000 employees worldwide, and over 100 subsidiaries and associated companies in 23 countries and 41 cities. Please visit www.stengg.com.

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Lina Poa
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ST Engineering
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Belinda Ng
VP, Corporate Communications
ST Aerospace
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