Singapore, 20 May 2016 - Singapore Technologies Engineering Ltd refers to the earlier announcement made on 17 February 2016 in relation to the writ of Summons issued in the Court of Toulouse, France by a number of passenger families for losses arising out of an Airbus AirAsia flight from Indonesia to Singapore on 28 December 2014 (the “Claim”), which was received by its aerospace subsidiary, Singapore Technologies Aerospace Ltd.
Further to the announcement, the claimants did not register the writ of Summons within the required time and accordingly, the proceeding in the Court of Toulouse relating to the Claim is now defunct.
ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of $6.34b in FY2015 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index and MSCI Singapore. ST Engineering has about 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across 24 countries. Please visit www.stengg.com for more information.
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