Our MRO facilities experienced healthy utilisation, reflecting the strong demand for maintenance services that came with increased flying activities Aviation Asset Management We continued to grow our Aviation Asset Management business by building up our lease portfolio of passenger aircraft, aircraft engines and converted freighters. Clocking another year of growth, our total aircraft assets under management exceeded US$2.3b at end-2024. During the year, we delivered converted freighters and new-generation aircraft engines to new and existing lessees, amongst which were TUI, Sky Vision and Cebu Pacific. We also saw strong demand on the current generation of aircraft assets, remarketed and extended leases on aircraft and aircraft engines to new and existing lessees. We continued to work with our various joint ventures – Keystone Holdings, Juniper Holdings and Total Engine Asset Management – in Iine with our strategy to grow our Aviation Asset Management business and improve capital efficiency. Our efforts were recognised when Airline Economics conferred Keystone Holdings with the “Asia Pacific Portfolio of the Year” award in November for a nine-aircraft portfolio purchase and financing transaction. DID YOU KNOW? Nacelles act like a protective casing for aircraft engines to protect them from damage. Our engineering team developed nacelle designs that can contain engine damage from bird and lightning strikes and reduce engine noise emissions. Our nacelles also have a patented anti-icing feature to prevent buildup of ice during flight. 29 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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