Airbus and Singapore Airlines (SIA) have signed a Memorandum of Understanding to establish a flight training joint venture in Singapore. Announced today at the Singapore Airshow, the facility will be called Airbus Asia Training Centre (AATC) and will be 55%-owned by Airbus and 45%-owned by Singapore Airlines. The two parties will initially contribute approximately SGD 80 million towards AATC, in proportion to their respective shareholdings. Subject to regulatory approvals, operations are expected to begin before the end of 2014. The Singapore centre will initially operate from the SIA Training Centre near Changi Airport before moving to Seletar Aerospace Park when

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