October 27, 2014
ST Engineering’s Aerospace arm injects capital into its commercial pilot training business
Singapore Technologies Engineering announced that its aerospace arm Singapore Technologies Aerospace has injected US$4.87m (S$6.2m) into the capital of its wholly owned subsidiary, ST Aerospace Academy (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.