ST Engineering's aerospace arm to acquire Volant Aerospace
VT Aerospace has entered into an agreement to acquire 100% equity interest in Volant Aerospace (Volant), for a purchase consideration of US$13.1m (approximately S$16m) subject to post closing adjustments. Following the acquisition, Volant will become a wholly owned subsidiary of VT Aerospace. VT Aerospace, which owns four aerospace operating companies in Mobile, Alabama; San Antonio,