ST Engineering reiterates that its order book “remains robust” despite the coronavirus outbreak.
The Singapore-based company adds, however, that it is in discussion with customers about deferments or cancellations.
For the quarter ended 31 March, ST Engineering’s aerospace unit clinched about S$838 million ($589 million) in contracts, ranging from airframe to component MRO works.
Among the deals it won included Airbus A320 heavy maintenance and CFM56-7B engine maintenance contracts for Chinese carriers.
It also secured a component maintenance-by-the-hour contract with a Southeast Asian carrier for its entire fleet of Boeing 737s and Bombardier Q400 turboprops.
ST Engineering states that the contracts include those it clinched during the Singapore airshow in February, which includes a multi-year engine and component MRO contract with a South Korean carrier, as well as a five-year nacelle maintenance contract.
The deals secured for the quarter make up more than half of the S$1.6 billion worth of deals the entire group clinched for the period.
