SINGAPORE Technologies Engineering's aerospace arm has won a seven-year contract worth over US$100 million (S$135 million) for aircraft component support with British low-cost airline Flybe. Singapore Technologies Aerospace will provide comprehensive component support covering component exchange, repair, overhaul, modification, reliability monitoring and logistics services for Flybe's growing fleet of Bombardier Dash 8 Q400 aircraft.
The contract follows an existing agreement signed in 2004, ST Engineering said in an exchange filing.
REX'S jointly controlled unit Lime Petroleum Norway will begin drilling at the Haribo prospect in an area in the North Sea this month.
The operator of the licence for the drilling, Edison Norge, has estimated the total exploration potential at 159 million barrels with a geological chance of success of 25 per cent, Rex said in an exchange filing.
The well will be drilled by the semi-submersible rig Transocean Searcher, which was scheduled to arrive at the location yesterday.
Lippo Malls Indonesia Retail Trust
THE trust raised $75 million after it priced a five-year note issue to yield 4.1 per cent due in 2020, it said in an exchange announcement yesterday. OCBC and Standard Chartered Bank have been appointed the joint bookrunners of the notes.
Mr Alvin Cheng, executive director and chief executive of the trust's manager, said the notes received a Baa3 rating from Moody's last week.