ST Aerospace injects capital into its commercial pilot training business

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By TESTCustomwebLP TESTCustomwebLP October 27, 2014 17:13

ST Aerospace injects capital into its commercial pilot training business

Singapore Technologies Aerospace (ST Aerospace), through its wholly owned subsidiary ST Aerospace Engineering Pte Ltd (STA Engineering), has injected US$4.87m (S$6.2m) into the capital of its wholly owned subsidiary, ST Aerospace Academy Pte Ltd (STAA). This would bring STA Engineering’s total equity investment in STAA to US$12.98m (approximately S$17.6m).

The capital injection affirms ST Engineering’s confidence in the commercial pilot training business and the continued investments to grow its pilot training capacity and capabilities to support the rising demand globally.

The capital injection is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

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By TESTCustomwebLP TESTCustomwebLP October 27, 2014 17:13