HAPPY 45TH BIRTHDAY, SINGAPORE.
May you continue to be prosper and a peaceful nation.
Monday, August 9, 2010
ST Engineering unit acquires remaining 30% stake in ST Aerospace Training Academy
Singapore Technologies Engineering today announced that its aerospace arm, Singapore Technologies Aerospace, has acquired the remaining 30% equity stake in ST Aerospace Training Academy (STATA) through its wholly-owned subsidiary, ST Aerospace Engineering.
The equity stake was acquired from the other existing shareholder, Aviation Training Academy (Singapore), for $4 million. With this acquisition, STATA becomes a wholly owned subsidiary of ST Aerospace Engineering.
Managed and operated by ST Aerospace as part of its global network, ST Aerospace’s commercial pilot training academy is the first non-airline affiliated flight training organisation in Singapore to offer commercial pilot training services to network airlines, low cost-carriers and individuals.
Written by The Edge, Friday, 06 August 2010 18:08
The equity stake was acquired from the other existing shareholder, Aviation Training Academy (Singapore), for $4 million. With this acquisition, STATA becomes a wholly owned subsidiary of ST Aerospace Engineering.
Managed and operated by ST Aerospace as part of its global network, ST Aerospace’s commercial pilot training academy is the first non-airline affiliated flight training organisation in Singapore to offer commercial pilot training services to network airlines, low cost-carriers and individuals.
Written by The Edge, Friday, 06 August 2010 18:08
Subscribe to:
Posts (Atom)