Singapore Technologies Aerospace (ST Aero) has downplayed the impact that JAL's financial woes will have on the Singapore-headquartered maintenance, repair and overhaul (MRO) firm.
JAL is an ST Aero customer and reports in Japan, citing unnamed sources, say the Japanese carrier is set to enter bankruptcy protection.
ST Aero says a JAL bankruptcy will have "no material impact on the financial results of ST Aero" because "the current debt with JAL is less than S$5 million ($3.6 million)."
The MRO firm does airframe heavy checks and engine component repair and overhaul work for JAL.
Source: Air Transport Intelligence news
