ST Aerospace has injected $1.73 million of additional capital into Total Engine Asset Management (TEAM), its engine leasing joint venture (JV) with Maurbeni Corp. The company said this brings STA Engines’ total share capital contribution in TEAM to $3.4 million. TEAM was set up in June 2011 to provide engine leasing services for CFM56-3, CFM56-5B and CFM56-7B engines that power narrowbody aircraft such as the Airbus A320 and Boeing 737. AAR will sell 10 Boeing 737-400s to ...

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