ST Engineering, a global technology, defence, and engineering group, and Temasek, an investment company, agreed to create a 50/50 joint venture. "As we embark on this exciting venture with our partner, Temasek, we also welcome and look forward to working with other potential like-minded partners who are looking to invest in the strong freighter aircraft leasing market. In the medium to long-term, the JV intends to securitise the leasing income streams by way of a business trust to unlock capital," Jeffrey Lam, ST Engineering President & Head of commercial aerospace.