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Aerospace & Defense

ST Engineering says coronavirus impact 'not material'

Disruption to aviation industry likely to be short-term

ST Engineering, the world's largest provider of maintenance and repair services for aircraft, said it expects only short-term impact from the coronavirus outbreak.   © Reuters

SINGAPORE (Nikkei Markets) -- Singapore Technologies Engineering's aircraft maintenance business may take a short-term hit as demand for air travel drops and airlines reduce frequencies due to the spread of the coronavirus, but overall, the disruptions due to the disease are "not material," its chief executive said.

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