ST Aerospace keeps remaining stake in aerospace academy

The engineering group takes into consideration future prospects of the ST Aerospace Training Academy.

Singapore Technologies Engineering Ltd (ST Engineering) on Friday said its aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace), has acquired the remaining 30% equity stake in ST Aerospace Training Academy Pte. Ltd. (STATA) through its subsidiary, ST Aerospace Engineering Pte Ltd.

According to an ST Engineering release, the equity stake was acquired from the other existing shareholder, Aviation Training Academy (Singapore) Pte. Ltd., for a total of S$4m.

With this acquisition, STATA becomes a wholly owned subsidiary of ST Aerospace Engineering Pte Ltd.

ST Aerospace’s commercial pilot training academy is the first non-airline affiliated flight training organisation in Singapore to offer commercial pilot training services to network airlines, low cost-carriers and aspiring individuals.

Established in 2007 initially offering traditional ab-initio pilot training under Australia’s Civil Aviation and Safety Authority (CASA), it has been operating under a CASA Air Operators Certificate since October 2008, which allows STATA to train pilots to achieve the CASA Commercial Pilot Licence with Instrument Rating (CPL/IR). STATA also obtained the Civil Aviation Authority of China (CAAC) CCAR141 approval to train pilots for the Chinese airlines.

Apart from its CPL training programme, STATA is conducting its beta trial for Multi-crew Pilot License (MPL) training, a modern pilot training programme that uses state-of-the-art training techniques and devices that prepares pilots for operating today’s multi-crew jet aircraft. Its MPL programme is developed through close collaboration with major industry players as stakeholders that include national aviation authorities, educational institutions, simulation experts and renowned aviation professionals to ensure an effective MPL programme.