ST Aerospace injects $30m to its pilot academy

This brings its total investment in STAA to about $48.1m.

Singapore Technologies Engineering (ST Engineering) announced the $30m capital injection by its aerospace arm to its pilot training subsidiary, ST Aerospace Academy.

The injection brings ST Aerospace Engineering's total investment to STAA to about $48.1m.

The investment is done through a capitalisation of existing intercompany loans into equity, the group said.
 

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