ST Engineering unit acquires US-based flight school to train pilots
Published on May 20, 2014 3:14 PM
SINGAPORE - Singapore Technologies Engineering said its unit Vision Technologies Aerospace has acquired a US-based flight school for US$811,238 (S$1 million).
Following the acquisition, Aviation Academy of America will become a wholly owned subsidiary of VT Aerospace.
The acquisition is part of the group's aerospace sector's strategic initiative to grow its pilot training capacity and capabilities to support the rising global demand.
Marketed as part of ST Aerospace's global network with an expanded footprint into the US, the new business will work closely with the aerospace sector's existing pilot training businesses in Singapore and Ballarat, Australia, to offer an integrated suite of pilot training services to customers around the world.
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