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.